Bitfarms Ltd (BITF 9.28%) gained 9.28% to close at $5.89, marking another strong session for the crypto miner. Trading volume surged to 206.8 million shares, more than three times its three-month average of 60.3 million. Shares traded between $4.69 and $6.20, setting a new 52-week high. Shares have surged 618.29% over the past six months.
The S&P 500 (^GSPC -0.16%) fell 0.16% to 6,644.31, while the Nasdaq Composite (^IXIC -0.76%) dropped 0.76% to 22,521.70. Markets declined amid renewed U.S.–China trade tensions.
Among crypto-mining peers, Hut 8 Corp (HUT 1.70%) gained 1.70% to $49.94, and MARA Holdings Inc(MARA 9.88%) advanced 9.88% to $22.24.
Bitfarms announced today that it appointed Jonathan Mir as its chief financial officer, effective October 27, 2025. Mir brings more than 25 years of capital-markets experience in energy infrastructure. Current CFO Jeff Lucas will retire and remain with the company as a strategic financial advisor and consultant through the first quarter of 2026. The update follows last Friday's news that Bitfarms converted its Macquarie debt facility into a $300 million project financing arrangement to support U.S. expansion. Together, the announcements strengthened investor confidence in Bitfarms' leadership and long-term growth strategy.
Market data sourced from Google Finance and Yahoo! Finance on Tuesday, October 14, 2025.
