Bitfarms Stock Surges 16% After Transition to AI Infrastructure

Bitfarms sees a 16% rise in stock value as it transitions from bitcoin mining to AI, relocating its headquarters to Delaware.

Bitfarms has experienced a remarkable increase in its stock price, soaring by 16% following the company's decision to pivot from cryptocurrency mining towards artificial intelligence infrastructure.

As part of this strategic transition, Bitfarms plans to relocate its parent company to Delaware. This move underscores their intention to secure a new ticker symbol for both the Nasdaq and TSX exchanges, with the goal of tapping into U.S. capital markets.