Dimensional Fund Advisors LP Acquires 2,940,978 Shares of Bitfarms Ltd. $BITF

Key Points

• Dimensional Fund Advisors increased its Bitfarms stake by 93.2% in the first quarter, purchasing 2,940,978 additional shares. It now owns 6,097,454 shares, or about 1.01% of the company, valued at approximately $11.9 million.
• Other institutional investors also established or expanded positions, bringing total institutional ownership of Bitfarms to 20.59%.
• Bitfarms shares opened at $3.88, with a $2.34 billion market capitalization and a 52-week trading range of $0.70 to $6.60. The company operates large-scale Bitcoin mining facilities using primarily renewable, low-cost energy.

Dimensional Fund Advisors LP boosted its stake in shares of Bitfarms Ltd. (NASDAQ:BITF - Free Report) by 93.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,097,454 shares of the company's stock after buying an additional 2,940,978 shares during the period. Dimensional Fund Advisors LP owned approximately 1.01% of Bitfarms worth $11,885,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Bitfarms by 144.7% in the fourth quarter. Farther Finance Advisors LLC now owns 11,010 shares of the company's stock valued at $26,000 after buying an additional 6,510 shares during the period. Equitable Holdings Inc. acquired a new stake in shares of Bitfarms during the fourth quarter worth $27,000. US Bancorp DE acquired a new stake in shares of Bitfarms during the third quarter worth $34,000. Laidlaw Wealth Management LLC acquired a new stake in shares of Bitfarms during the first quarter worth $25,000. Finally, State of Wisconsin Investment Board bought a new stake in Bitfarms in the 4th quarter valued at $32,000. Institutional investors own 20.59% of the company's stock.

Bitfarms Price Performance

Shares of NASDAQ BITF opened at $3.88 on Friday. The firm has a market cap of $2.34 billion, a PE ratio of -16.87 and a beta of 3.77. The company has a current ratio of 3.20, a quick ratio of 3.14 and a debt-to-equity ratio of 0.11. Bitfarms Ltd. has a 1-year low of $0.70 and a 1-year high of $6.60. The company has a fifty day moving average price of $5.05 and a 200 day moving average price of $3.56.

About Bitfarms

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.

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