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Benzinga
Benzinga
Business
Henry Khederian

Bitfarms (BITF) Stock Surges On Share Buyback Announcement

Strategy Boosts Bitcoin Yield 20% YTD

Shares of Bitfarms Ltd (NASDAQ:BITF) are trading higher Tuesday morning after the company announced a new corporate share buyback program. Here’s what investors need to know.

What To Know: The Board of Directors has approved a normal course issuer bid authorizing the repurchase of up to 49.94 million common shares. This figure represents approximately 10% of the company’s public float. The program is scheduled to run for one year, from July 28, 2025, to July 27, 2026.

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