Bitfarms $BITF (+10,5%) surged +13.56% to 2.01 CAD on strong trading volume, continuing a run that's seen the stock gain over 18% in the week. The rally reflects:
- Recent Q2 results showing 87% YoY revenue growth to $78M (USD), ongoing strategic pivot from pure bitcoin mining to high-performance computing (HPC) and AI infrastructure, and a new Pennsylvania pipeline exceeding 1 GW.
- Robust liquidity (~$230 million) and a shareholder-friendly buyback program, despite near-term margin pressures and the wind-down of less-profitable Argentina operations.
- Analyst consensus has shifted bullish, with several buy ratings and average price targets near $4 CAD for the next 12 months, suggesting further upside in a rebound scenario if execution continues.
Curaleaf Holdings $CURA
jumped +9.56% to 4.47 CAD, driven by sustained momentum after a substantial technical rebound; the stock is up 134% in a month.
Hut 8 $HUT (+2,33%) advanced +9.34% on high turnover, aligning with broader crypto mining and AI-infrastructure enthusiasm.
The gains in $BITF (+10,5%) and $HUT (+2,33%) highlight investor appetite for crypto-exposed tech stocks as markets react to strategic growth pivots (AI/data centers), improved liquidity, and potential for EPS normalization in H2 2025.
Curaleaf’s rally points to renewed faith in cannabis sector recovery after a prolonged drawdown, with potential for further upside if fundamentals stabilize.
Today’s strong price action in $BITF (+10,5%) , $HUT (+2,33%) , and $CURA reflects sector momentum, bullish analyst sentiment ($BITF (+10,5%) in particular), and market optimism for strategic transformation stories in AI, crypto, and cannabis for Canadian small/mid-caps.