Bitfarms Ltd (BITF 14.99%) closed at $4.00 after reaching an intraday high of $4.04. Trading volume totaled 113 million shares, about twice its three-month average of 52 million. The stock has climbed roughly 148% year-to-date, underscoring its momentum in the Bitcoin mining sector.
U.S. markets advanced. The S&P 500 (^GSPC 0.58%) rose 0.58% to 6,753.72, while the Nasdaq Composite (^IXIC 1.12%) gained 1.12% to 23,043.38, lifted by strength in technology and growth names.
Among Bitcoin mining peers, MARA Holdings Inc (MARA -0.25%) slipped 0.25% to $20.20, while Hut 8 Corp (HUT 6.71%) rose 6.88% to $44.60.
Bitfarms continued advance came as traders favored select crypto mining names despite mixed performance across the sector. Sentiment remains upbeat on the company's steady hash rate growth and ongoing expansion into high-performance computing and AI infrastructure, which investors view as a longer-term diversification opportunity. While no new announcements were made this week, the stock's strong technical momentum and improving market backdrop helped extend its rally into October.
Market data sourced from Google Finance and Yahoo! Finance on Wednesday, October 8, 2025.
