BitFarms Stock jumps 26 % after a re -purchase plan: Does more come? star-news.press/wp

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The purchase of BitFarms by 10 % of its 12 -month floating shares increased 26 % of the shares. The company maintains its center as the sixth Bitcoin mine, with $ 22 million in BTC.

BitCoin (Tse: BitF), Bitcoin (BTC), has announced a program to restore stocks for companies, with a period of one year from July 28, 2025 to July 27, 2026.

The announcement states that the TOSE Stock Exchange (TSE) and perhaps the Nasdaq Stock Exchange will supervise the program.

Bearback opens the door of “estimated” assets

Re -purchase program He offers a great opportunity for BitFarms.

It allows the company to retake 10 % of the market float – the available shares that can be circulated publicly – which represents 49.9 million shares of 499 million shares.

Bitarms will create daily purchases of 25 % of the company’s daily trading volume on TSE, calculated over the past six months – approximately 494,918 shares. On the Nasdaq Stock Exchange, BitFarms will determine the daily limit by 5 %.

Ben Gagnon, CEO of BitFarms, looks at the company’s shares as “seized with less than its value” because of its assets in Bitcoin and high -performance computing assets (HPC).

He adds:

“This re -purchase shows our confidence in BitFarms, our management team, and most importantly, our high -performance computing data center strategy.”

Currently, the company runs 15 Bitcoin mining centers throughout North and South America. It has sites in the United States, Canada, Argentina and Paraguay.

In addition, according to ArkhamThe company owns 188 Bitcoin, at a value of $ 22 million, and it is still the sixth largest mining by the market value, at $ 630 million until the time of the press.

Source: TradingView

After this announcement, BitFarms has gathered 26 % over the past 48 hours, reaching the highest level of five months, according to the last plans.

It is worth noting that the analysis indicates that the arrow has achieved a large resistance point, it is possible that it will attract renewed attention, especially if there is a return in the Bitcoin market.

It can be bitcoin

The wider market trends show that bitcoin miners have a long -term look. The percentage of mines in Cryptoquant continues to rise, indicating an increase in the accumulation of reserves between miners.

At the time of the press, the supply ratio increased to 0.09093, which represents a noticeable increase. This height indicates that miners add to their reserves, which are often associated with profitability.

Moreover, the constant height of the supply rate can indicate that miners, including BitFarms, can be profitable. This condition can be particularly useful for bitFarms sedimentary holdings.

Source: Cryptoquant