Insider Selling: Bitfarms Ltd. (TSE:BITF) Insider Sells 182,543 Shares of Stock

Bitfarms Ltd. (TSE:BITF) insider Riot Platforms, Inc. sold 182,543 shares of Bitfarms stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$1.10, for a total transaction of C$201,192.51.

Riot Platforms, Inc. also recently made the following trade(s):

• On Friday, June 20th, Riot Platforms, Inc. sold 450,496 shares of Bitfarms stock. The shares were sold at an average price of C$1.11, for a total transaction of C$499,915.41.
• On Monday, June 16th, Riot Platforms, Inc. sold 1,500 shares of Bitfarms stock. The shares were sold at an average price of C$1.18, for a total transaction of C$1,767.09.
• On Monday, June 16th, Riot Platforms, Inc. sold 2,450 shares of Bitfarms stock. The shares were sold at an average price of C$1.16, for a total transaction of C$2,854.03.
• On Wednesday, June 11th, Riot Platforms, Inc. sold 100 shares of Bitfarms stock. The shares were sold at an average price of C$1.24, for a total transaction of C$123.83.
• On Monday, June 9th, Riot Platforms, Inc. sold 571 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$715.07.
• On Monday, June 9th, Riot Platforms, Inc. sold 1,418 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$1,776.95.
• On Monday, June 9th, Riot Platforms, Inc. sold 526 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$659.44.
• On Monday, June 9th, Riot Platforms, Inc. sold 925 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$1,160.29.
• On Monday, June 9th, Riot Platforms, Inc. sold 508 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$637.36.
• On Monday, June 9th, Riot Platforms, Inc. sold 116 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$145.48.

Bitfarms Trading Down 0.9%

Shares of BITF opened at C$1.10 on Thursday. Bitfarms Ltd. has a 52-week low of C$0.96 and a 52-week high of C$4.30. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. The firm’s fifty day moving average is C$1.33 and its two-hundred day moving average is C$1.72. The stock has a market cap of C$385.79 million, a PE ratio of -2.48 and a beta of 3.20.

Analysts Set New Price Targets

Separately, ATB Capital lowered their target price on shares of Bitfarms from C$6.50 to C$3.75 and set an “outperform” rating on the stock in a research note on Friday, March 28th.

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.