**Bitfarms to Boost Shareholder Value with 10% Share Buyback**
[Image: Bitfarms to buy back 10% of shares, calls stock undervalued]
**A Shift in Focus for the Bitcoin Miner**
Bitcoin miner Bitfarms has announced plans to repurchase up to 49.9 million shares over the next year, equivalent to 10% of its outstanding stock. This move comes as the company pivots its focus towards high-performance computing and AI infrastructure.
**Undervalued Stock?**
Bitfarms believes its stock is undervalued, and this share buyback is a strategic move to boost shareholder value. By reducing the number of outstanding shares, the company aims to increase the value of each remaining share, benefiting its investors.
**A New Chapter for Bitfarms**
As Bitfarms expands into high-performance computing and AI infrastructure, this share buyback marks an important step in the company’s evolution. By streamlining its operations and investing in its own stock, Bitfarms is demonstrating its commitment to creating long-term value for its shareholders.
**What’s Next for Bitfarms?**
The share buyback program is set to take place over the next 12 months, with the company authorized to repurchase up to 49.9 million shares. As Bitfarms continues to navigate the cryptocurrency landscape and explore new opportunities in high-performance computing and AI, investors will be watching closely to see how this strategic move impacts the company’s future growth and success.
