Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’ | Headlines | News | CoinMarketCap

07/18/2024 23:46
Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’ | Headlines | News | CoinMarketCap

Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright.  On Wednesday, Bitcoin …

Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright. 

On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat featuring newly appointed CEO Ben Gagnon and CFO Jeff Lucas. This event marked Mr. Gagnon’s first public appearance since taking on the CEO role. 

The discussion covered key topics, including the company’s strategic direction, expansion plans, and management’s perspective on the valuation disconnect with the company’s fundamentals.

Analysts at H.C. Wainwright believe the company is making good progress toward achieving its hash rate goals. Bitfarms (BITF) is exploring both organic and inorganic growth opportunities for BTC mining and other applications that use high-quality energy …

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