Bitcoin News Today: Bitfarms Announces 10% Share Buyback, Shares Jump 8% as CEO Cites Undervalued Bitcoin and HPC/AI Growth

Bitfarms Ltd. (BITF: NASDAQ) has launched a share repurchase program, authorizing the buyback of up to 10% of its public float—49,943,031 common shares—over a 12-month period beginning July 28, 2025. The initiative, described as a strategic move to capitalize on perceived undervaluation, aligns with the company’s focus on Bitcoin mining and high-performance computing (HPC)/artificial intelligence (AI) growth. CEO Ben Gagnon emphasized that the stock’s current valuation fails to reflect the full potential of Bitfarms’ energy assets and HPC infrastructure, stating, “We believe that Bitfarms’ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential” [3].

The buyback program has already triggered a market response, with the stock surging approximately 8% in pre-market trading following the announcement [4]. Some reports note a more immediate 14% jump, though these figures appear to capture investor sentiment immediately after the buyback authorization [5]. The move underscores management’s confidence in the company’s strategic direction, particularly its expansion into HPC/AI, which Gagnon highlights as a complementary avenue to its Bitcoin operations [7]. Bitfarms operates 15 data centers across the United States, Canada, Argentina, and Paraguay, leveraging vertically integrated energy and compute infrastructure to support both core and emerging markets [7].

The program’s parameters include daily share repurchase caps, with a maximum of 494,918 shares on the Toronto Stock Exchange (TSX) and 5% of outstanding shares on the Nasdaq [2]. Compliance with regulatory frameworks and trading rules is ensured through an automatic repurchase arrangement with a broker, designed to execute purchases during predetermined blackout periods [6]. While the company has not obligated itself to repurchase any shares, the program’s execution will depend on liquidity, market conditions, and other factors [8].

Bitfarms’ decision to prioritize share buybacks contrasts with broader industry trends, where peers like Riot Platforms have adopted cost-cutting measures amid volatile cryptocurrency markets [9]. By reinforcing shareholder value through repurchases, Bitfarms aims to stabilize its equity while maintaining momentum in HPC/AI expansion. However, the company faces inherent risks, including scaling HPC/AI operations, securing long-term contracts, and navigating regulatory or environmental challenges tied to energy transitions [10]. Additionally, exposure to cryptocurrency price volatility, energy cost fluctuations, and competition in mining and HPC sectors remains a concern [10].

The buyback program reflects a dual strategy: signaling financial discipline to investors and allocating capital to areas of growth. Gagnon’s emphasis on Pennsylvania’s “highly desirable energy portfolio” underscores the company’s commitment to leveraging its balance sheet strength for sustainable expansion [7]. If executed effectively, the program could enhance shareholder returns while advancing Bitfarms’ vision of integrating Bitcoin mining with HPC/AI infrastructure. The success of this initiative will depend on disciplined execution, macroeconomic stability, and the realization of its energy infrastructure potential [1].

Source:

[1] [Bitfarms Announces 10% Share Buyback](http://www.msn.com/en-us/news/other/bitfarms-announces-10-share-buyback/ar-AA1J3P9Z)

[2] [Bitfarms Launches Share Buyback Program to Underscore Market Confidence](https://futures.tradingcharts.com/news/futures/Bitfarms_Launches_Share_Buyback_Program_to_Underscore_Market_Confidence_467483972.html)

[3] [Bitfarms Announces Corporate Share Buyback Program](https://www.nasdaq.com/press-release/bitfarms-announces-corporate-share-buyback-program-2025-07-22)

[4] [Bitcoin Miner Bitfarms Jumps 8% on Share Buyback Program](https://www.coindesk.com/business/2025/07/22/bitcoin-miner-bitfarms-jumps-8-on-share-buyback-program)

[5] [Bitfarms' $64M Share Buyback Sparks 14% Stock Jump](https://www.ainvest.com/news/bitcoin-news-today-bitfarms-64m-share-buyback-sparks-14-stock-jump-ai-expansion-strategy-gains-traction-2507/)

[6] [Bitfarms Launches Share Buyback Program as Riot Trims](https://theminermag.com/news/2025-07-22/bitfarms-riot-share-buyback/)

[7] [Bitfarms Announces Corporate Share Buyback Program](https://www.nasdaq.com/press-release/bitfarms-announces-corporate-share-buyback-program-2025-07-22)

[8] [Bitfarms Announces Corporate Share Buyback Program](https://www.nasdaq.com/press-release/bitfarms-announces-corporate-share-buyback-program-2025-07-22)

[9] [Bitfarms Launches Share Buyback Program as Riot Trims](https://theminermag.com/news/2025-07-22/bitfarms-riot-share-buyback/)

[10] [Bitfarms Announces Corporate Share Buyback Program](https://www.nasdaq.com/press-release/bitfarms-announces-corporate-share-buyback-program-2025-07-22)