Bitfarms Is Performing Better than BTC after Moving away from Bitcoin Farming
Bitfarms has performed better this year than Bitcoin that the company used to farm, but they have now moved to data center services.
Quick overview
- Bitfarms (BITF) experienced a 7.89% decline amid a tech stock crisis but remains ahead of Bitcoin for 2025 due to its shift from cryptocurrency mining to data center services.
- The company's stock has fluctuated between $3.75 and $4.89 recently, indicating potential for recovery despite recent losses.
- Bitfarms reported third-quarter earnings of $69 million but had an earnings per share of -$0.08, with expectations for improved performance in the next quarter.
- Investors are optimistic about Bitfarms' future, especially if they can demonstrate profitability from their new business model in the upcoming earnings report.
On Monday, Bitfarms (BITF) fell 7.89% amid a tech stock crisis, but the stock is still outperforming Bitcoin for 2025 thanks to their move away from the cryptocurrency farming niche.
When Bitfarms moved to data center services from the crypto mining market, they saw tremendous interest from investors. Even though their stock has since suffered some sharp declines, they are still performing better than Bitcoin. It appears that shifting services has been beneficial to them, but they still have to prove to investors that they can be profitable.
Throughout 2025, Bitfarms has moved from $2.54 per share to $3.47 per share, with a peak of $9.10 that occurred after they moved into data center services. Meanwhile, Bitcoin started the year at $94,416 and is currently at $82,227, peaking at $126,198 in October.
Why Bitfarms Could Still Be a Great Investment
Over the last month, Bitfarms stock has gone in a circle, climbing from $3.75 to $4.89 and then back down to $3.47. This is not a completely bearish trend, and investors need to be aware of the stock’s potential. Earlier in the year, Bitfarms hit an all-time high as they changed their focus. If they can prove that this new service is profitable, they could set a new record high once more.
That could happen as early as the next quarterly earnings report, but it is unlikely. The company just posted third quarter earnings of $69 million from their current business operations as well as $14 million from discontinued operations. Their earnings per share, however, were -$0.08 per share. They are expected to report slightly better earnings per share next quarter, which will be posted in March of 2026.
That means that company is likely to report losses around half a year after they shifted to the new business model. It could take them until well into 2026 to start showing some profitability that would make up for all the money they invested to shift focus and to make up for lost profits from mining operations.
Bitfarms has shown tremendous potential this year, and investors agree. The stock was able to set an all-time high recently and could do so again if their next earnings report is better than this most recent one. Stepping away from Bitcoin may have been a very smart move, since that coin has trended poorly this year, running from one bear streak to another and struggling to regain lost ground. Now, Bitfarms is in the very busy and very profitable data center niche that is catering to expanding AI-focused markets. Despite a steep stock drop this week after posting quarterly earnings, the company should be able to recover in short order.
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