Bitcoin mining company Bitfarms' stock price rises 8%, announces buyback of up to 10% of outstanding shares

Odaily Planet Daily News: Bitcoin miner Bitfarms (BITF) announced the launch of a stock buyback program starting from July 28th, intending to repurchase up to 50 million shares, accounting for approximately 10% of the outstanding shares, through NASDAQ and the Toronto Stock Exchange within the next 12 months. CEO Ben Gagnon stated that the company's valuation is undervalued and the market has not fully reflected its potential in Bitcoin and high-performance computing (HPC). He plans to leverage US energy assets to drive the expansion of AI infrastructure. （CoinDesk）