Bitfarms (TSE:BITF) Insider Paul Magrath Sells 140,000 Shares

Bitfarms Ltd. (TSE:BITF) insider Paul Magrath sold 140,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$5.51, for a total transaction of C$771,400.00. Following the transaction, the insider owned 10,822 shares in the company, valued at C$59,629.22. The trade was a 92.82% decrease in their ownership of the stock.

Bitfarms Trading Down 0.2%

BITF opened at C$5.86 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63. The company has a market cap of C$3.24 billion, a price-to-earnings ratio of -36.63 and a beta of 5.12. The firm has a 50 day simple moving average of C$2.85 and a 200 day simple moving average of C$1.86. Bitfarms Ltd. has a fifty-two week low of C$0.96 and a fifty-two week high of C$7.12.

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.