Bitfarms (TSE:BITF) Insider Acquires C$12,565.74 in Stock

Bitfarms Ltd. (TSE:BITF) insider Jeffrey Lucas purchased 7,318 shares of Bitfarms stock in a transaction on Monday, August 25th. The shares were acquired at an average price of C$1.72 per share, for a total transaction of C$12,565.74. Following the completion of the transaction, the insider directly owned 291,412 shares of the company’s stock, valued at approximately C$500,383.55. The trade was a 2.58% increase in their ownership of the stock.

Jeffrey Lucas also recently made the following trade(s):

• On Wednesday, June 11th, Jeffrey Lucas sold 5,410 shares of Bitfarms stock. The stock was sold at an average price of C$1.27, for a total transaction of C$6,870.70.

Bitfarms Trading Up 14.3%

Shares of BITF opened at C$2.80 on Friday. Bitfarms Ltd. has a fifty-two week low of C$0.96 and a fifty-two week high of C$3.85. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of -17.50 and a beta of 4.35. The firm has a 50 day moving average price of C$1.72 and a 200-day moving average price of C$1.48. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.63 and a current ratio of 3.70.

About Bitfarms

Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.