Shares of Bitfarms Ltd (NASDAQ:BITF) are trading higher Tuesday morning after the company announced a new corporate share buyback program. Here’s what investors need to know.

What To Know: The Board of Directors has approved a normal course issuer bid authorizing the repurchase of up to 49.94 million common shares. This figure represents approximately 10% of the company’s public float. The program is scheduled to run for one year, from July 28, 2025, to July 27, 2026.

“This Program demonstrates our confidence in Bitfarms’ business…and most importantly, our high-performance computing data center growth strategy,” Gagnon said. He believes the buyback leverages the company’s balance sheet to drive shareholder value while it pursues growth.

Purchases will be conducted on the TSX and Nasdaq exchanges, subject to market conditions and regulatory limits. All repurchased shares will be cancelled, reducing the number of outstanding shares.

Benzinga Edge Rankings: According to Benzinga Edge stock rankings, BITF shows a particularly strong score for Value at 73.47, which supports the management’s view that the stock may be undervalued. In contrast, its scores for Momentum and Growth are significantly lower, at 7.54 and 26.65, respectively.

These figures suggest that while the stock may present a value opportunity based on fundamental metrics, its recent price performance and historical growth have been weaker.

Price Action: According to data from Benzinga Pro, BITF shares are trading higher by 14.6% to $1.29 Tuesday morning. The stock has a 52-week high of $2.86 and a 52-week low of $0.67.

Read Also: Bitcoin Holds Steady While Ethereum, XRP, Dogecoin Dip Ahead Of Fed Chair Powell’s Speech

How To Buy BITF Stock

By now you're likely curious about how to participate in the market for Bitfarms – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Bitfarms, which is trading at $1.25 as of publishing time, $100 would buy you 80.0 shares of stock.

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