Brian Howlett Sells 10,006 Shares of Bitfarms (TSE:BITF) Stock

Key Points

• Brian Howlett, a director at Bitfarms, sold 10,006 shares at an average price of C$1.77, resulting in a transaction totaling C$17,710.62 and a 15.88% decrease in his position.
• Bitfarms' stock traded at C$2.18, with a significant increase in trading volume compared to its average, and has a market capitalization of C$1.20 billion.
• The company operates 10 Bitcoin mining farms across four countries and utilizes a proprietary data analytics system to optimize operational performance.

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett sold 10,006 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$1.77, for a total transaction of C$17,710.62. Following the completion of the transaction, the director directly owned 52,993 shares in the company, valued at C$93,797.61. The trade was a 15.88% decrease in their position.

Bitfarms Trading Up 10.7%

TSE BITF traded up C$0.30 during trading hours on Friday, reaching C$3.10. The company had a trading volume of 14,582,049 shares, compared to its average volume of 2,418,688. The stock has a 50-day moving average of C$1.76 and a 200 day moving average of C$1.49. Bitfarms Ltd. has a 1-year low of C$0.96 and a 1-year high of C$3.85. The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of C$1.71 billion, a P/E ratio of -19.38 and a beta of 4.35.

Bitfarms Company Profile

Bitfarms is a global, publicly traded NASDAQ/TSX: BITF Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.