- CEO Ben Gagnon called company stock “undervalued,” citing Bitcoin mining operations and high-performance computing assets as key strengths.
- The firm holds 188 Bitcoin worth $22 million and operates 15 mining centers across the Americas as sixth-largest miner.
Bitfarms announced a corporate share buyback program extending from July 28, 2025, to July 27, 2026. The Toronto Stock Exchange will supervise the initiative, with potential Nasdaq oversight.
Bitfarms Initiates Share Buyback Amid Bitcoin HoldingsThe company plans to repurchase 10% of its public float, equivalent to 49.9 million shares from 499 million outstanding. Daily purchase limits are set at 25% of average trading volume on TSE and 5% on Nasdaq.
CEO Cites Undervaluation as Motivation
CEO Ben Gagnon stated Bitfarms’ stock trades below fair value relative to its Bitcoin mining operations and computing assets. “This buyback demonstrates our confidence in Bitfarms’ business and data center growth strategy,” he explained. The decision follows a 26% stock price increase over 48 hours, reaching a five-month high after the announcement.
Bitfarms operates 15 mining facilities across the United States, Canada, Argentina, and Paraguay. The company holds 188 Bitcoin, valued at $22 million at current prices. It ranks as the sixth-largest Bitcoin miner by market capitalization, standing at $630 million.
Bitcoin miner reserves show accumulation patterns according to CryptoQuant’s Miner Supply Ratio, which recently reached 0.09093. This metric suggests miners are retaining more Bitcoin, often indicating profitable conditions.
For Bitfarms, strategic confidence combines share repurchases with measured Bitcoin accumulation, reflecting industry-wide tendencies toward reserve growth during favorable market phases.
