Guillaume Reeves Sells 35,000 Shares of Bitfarms (TSE:BITF) Stock

Key Points

• Insider Guillaume Reeves sold 35,000 shares of Bitfarms Ltd. (TSE:BITF) at an average price of C$5.24, totaling C$183,400.
• On October 8th, Bitfarms' stock traded up to C$6.03, with a trading volume significantly higher than its average.
• Bitfarms operates 10 vertically integrated mining farms across Canada, the United States, Paraguay, and Argentina, focusing on Bitcoin mining.

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Guillaume Reeves sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$5.24, for a total value of C$183,400.00.

Bitfarms Stock Performance

TSE:BITF traded up C$0.16 during trading hours on Friday, reaching C$6.03. The company had a trading volume of 18,465,362 shares, compared to its average volume of 3,401,691. The firm has a market cap of C$3.33 billion, a PE ratio of -37.69 and a beta of 5.12. Bitfarms Ltd. has a 1-year low of C$0.96 and a 1-year high of C$7.12. The business's 50 day moving average price is C$2.77 and its 200-day moving average price is C$1.83. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63.

About Bitfarms

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.

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