This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitcoin miner Bitfarms has unveiled a $49.9 million share repurchase plan as it transitions toward AI and high-performance computing. The TSX-approved buyback covers both TSX and Nasdaq, sparking a 16.8% surge in its Nasdaq-listed shares.
- Bitfarms' buyback targets 10% of its public float (49.9M shares) over 12 months.
- The company is shifting focus from Bitcoin mining to AI and high-performance computing.
- TSX imposes a daily repurchase limit of 494,918 shares, while Nasdaq caps total buybacks at 5% of outstanding shares.
📎 Related coverage from: cointelegraph.com