Oklo and Bitfarms Stocks Set to Rise Premarket Wednesday Amidst Wallstreetbets Momentum

Wall Street Bets stocks advanced premarket on Wednesday, with Bitfarms and Oklo expected to open higher. Oklo is a fission technology and nuclear fuel recycling company that aims to provide clean and affordable energy at scale through its fast fission power plants. Its reactors can convert used nuclear fuel into clean energy, and the company offers heat and power through power purchase agreements to customers in various markets.

Bitfarms (NASDAQ/TSX: BITF) stock experienced a significant surge on Wednesday, with shares expected to open higher following a strong performance in the premarket. The company, which specializes in Bitcoin mining and high-performance computing (HPC) infrastructure, has seen its stock price rise by approximately +148% year-to-date by mid-October 2025, trading around $4.50 USD (≈C$5.9), according to a TS2 Tech report.

The stock's impressive performance can be attributed to several key factors. Firstly, the Bitcoin boom has significantly lifted miner stocks, including Bitfarms. Bitcoin's rally to ~$125–126K in early October 2025, driven by massive ETF inflows and a weaker dollar, has been a key tailwind for the company . Global crypto ETF flows hit a record $5.95B in late September/October , further boosting investor confidence in the sector.

Secondly, Bitfarms has announced a strategic pivot towards HPC/AI infrastructure. The company is transitioning from pure Bitcoin mining to data-center facilities that cater to high-performance computing needs. This shift is evident in Bitfarms' plans to build a 350 MW AI/data center in Pennsylvania, drawing an extra $50M to accelerate the buildout . The company has also secured acreage in Pennsylvania and Washington state for its AI campuses . CEO Ben Gagnon has stated that Bitfarms has a 1.3 GW pipeline (80% in the U.S.) and aims to capture significant market share in the new AI infrastructure hub .

The company's financials also support this growth trajectory. As of mid-2025, Bitfarms held about $85M in cash plus ~1,402 BTC (~$145M) on its books, with modest net debt (debt/equity ≈0.11) . Additionally, the company instituted a 10% share buyback, repurchasing ~4.9M shares by August 2025 at an average price of ~$1.24 . This move signals confidence in the company's future prospects.

On the leadership front, Bitfarms confirmed that CFO Jeff Lucas will step down on October 27, 2025, and become a strategic advisor through Q1 2026. Jonathan Mir, a veteran of Lazard and Bank of America's energy group, will take over as CFO . This leadership refresh aligns with the company's North American growth strategy.

Bitfarms' stock surge coincides with an explosive rally in cryptocurrencies and a strategic shift towards high-performance computing facilities. As of October 14, 2025, Bitfarms shares trade near $4.50 (USD) on Nasdaq, up from about $1.00 at the start of 2025 . This +148% YTD move (≈+440% over 6 months) has been fueled by record Bitcoin prices, aggressive share buybacks, and new project announcements.

In conclusion, Bitfarms' stock performance reflects a combination of strong Bitcoin prices, a strategic pivot towards HPC/AI infrastructure, and solid financial fundamentals. Investors should continue to monitor the company's progress in its new AI infrastructure play and its ability to capitalize on the growing demand for high-performance computing solutions.