Bitfarms Stock: The Bitcoin Mining Play to Watch
Bitfarms (NASDAQ: BITF) has significantly outperformed Bitcoin (CRYPTO: BTC) this year. As of early December, its shares were up almost 90% since the start of the year. At the same time, Bitcoin was down 5% year to date.
That's because Bitfarms is pivoting away from crypto. It's transitioning toward becoming an energy and digital company to meet the growing demand from AI data centers, and its efforts are starting to bear fruit.
Image source: Getty Images.
Source Fool.com
