Bitfarms Ltd. (NASDAQ:BITF) saw a 5th day of gains, hitting a new all-time high with a 15.27% increase to $4 per share. The company is transitioning to high-performance computing (HPC) and AI to meet demand from data centers, sparking investor interest in Bitcoin mining stocks.

CEO Ben Gagnon announced plans for Bitfarms Ltd. (NASDAQ:BITF) to shift to HPC and AI services, aiming for a multiple expansion of 20-30x. Currently operating 14 data centers with 421 megawatts of power capacity in the US, Canada, and Paraguay, the company is optimistic about the future growth potential in the industry.

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Read more at Yahoo Finance: Bitfarms (BITF) Soars to New High on AI Prospects