Bitfarms (BITF) Launches Major Share Buyback Initiative to Bolster Shareholder Value

Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in energy and compute infrastructure, has unveiled a significant share repurchase program aimed at capitalizing on perceived undervaluation. The board-authorized initiative permits buying back up to 49.9 million common shares—10% of the public float—through TSX and Nasdaq markets from July 2025 to July 2026.

CEO Ben Gagnon framed the move as a strategic bet on the company's energy assets and high-performance computing roadmap. "Our Pennsylvania energy portfolio positions us uniquely for sustainable expansion," Gagnon noted, emphasizing management's conviction in the firm's growth trajectory. The announcement comes as Bitcoin miners increasingly leverage share buybacks to signal confidence amid volatile crypto markets.