Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
Canadian Bitcoin mining company Bitfarms surged nearly 22% following the release of better-than-expected second-quarter earnings.
In its Q2 results on Aug. 8, the Bitcoin (BTC) miner reported a 7 cents per share loss, less than the 11 cents per share loss initially forecasted by Zacks Investment Research.
In an Aug. 8 post on social media platform X, newly crowned Bitfarms CEO Ben Gagnon said the miner continues to grow and is exploring new opportunities outside of Bitcoin mining.
