Bitfarms Downgraded to Market Perform, Price Target Raised to $3 by Keefe Bruyette
ByAinvest
Friday, Jan 30, 2026 8:29 pm ET1min read
BITF--
Bitfarms Ltd. (BITF) was downgraded to Market Perform from Outperform by Keefe Bruyette due to concerns over rising leverage and increasing capex. The firm expects a leasing agreement for the company in H2 2026. The company announced the appointment of Edie Hofmeister as Chair of the Board and entered into a definitive share purchase agreement for the sale of its 70 MW site in Paraguay to Sympatheia Power Fund.
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