BTCC / BTCC Square / CoindeskEN /
Bitfarms Stock Surges 8% After Bold Bitcoin Miner Buyback Move

Bitfarms Stock Surges 8% After Bold Bitcoin Miner Buyback Move

Author:
CoindeskEN
Published:
2025-07-22 14:03:36
13
1

Bitcoin Miner Bitfarms Jumps 8% on Share Buyback Program

Wall Street shrugs—another crypto firm tries to inflate its own stock price. Meanwhile, hodlers cheer.

Bitfarms just pulled a classic 'look-at-me' Wall Street maneuver—announcing a share buyback program that sent its stock soaring 8% in a single session. The Bitcoin mining outfit's sudden generosity comes as the crypto markets show renewed bullish momentum.

The buyback bait worked: traders snapped up shares despite Bitfarms operating in one of crypto's most cutthroat sectors. Mining margins remain razor-thin, but apparently stock market optics still matter more than hash rates.

One analyst quipped: 'When your core business burns cash, why not distract investors with financial engineering?' The market clearly agreed—for today at least.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users