Bitfarms stock forecast recent data on Bitfarms stock forecast

Recent data on Bitfarms stock forecast highlights hash rate expansion to 7.5 EH/s by Q3, suggesting increased mining capacity. Market sentiment remains moderately bullish, with RSI levels trending at Bitfarms Ltd. is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. Hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC raised its stake in shares of Bitfarms by 54.6% in the fourth quarter. Cresset Asset Management LLC now owns 27,735 shares of the company's stock worth $41,000 after purchasing an additional 9,795 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Bitfarms during the first quarter valued at $39,000. WINTON GROUP Ltd purchased a new stake in Bitfarms during the second quarter valued at $43,000. Baker Avenue Asset Management LP purchased a new stake in Bitfarms during the second quarter valued at $50,000. Finally, Theory Financial LLC purchased a new stake in Bitfarms during the first quarter valued at $48,000. Hedge funds and other institutional investors own 20.59% of the company's stock. Bitfarms stock forecast sentiment bounced after reporting 21% month-on-month production growth, hitting 550 BTC mined in May.