Bitfarms, a bitcoin mining company, has initiated a share buyback program allowing it to repurchase up to 49.9 million shares, representing 10% of its public float, over the next year as it transitions to high-performance computing (HPC) and AI infrastructure. The program has been approved by the Toronto Stock Exchange and applies to shares traded on both the TSX and Nasdaq. CEO Ben Gagnon expressed confidence in the company's business and insisted that the stock is undervalued. The buyback is intended to enhance the value of remaining shares by reducing the total number of outstanding shares. Bitfarms, which operates multiple mining data centers, is focusing on expanding its HPC capabilities in response to changes in the mining industry. The company reported improved financial results in Q1 2025 and secured a $300 million credit line to support its growth initiatives. The buyback begins on July 28, 2025, and concludes on July 27, 2026.

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