Bitfarms stocks surges 22% as Q2 losses defy estimates

Despite recording a 16% dip in Q1 to Q2 revenue, Canadian Bitfarms’ stocks rose by 22% following the publication of the company’s Q2 financial report on August 8. While Zacks Investment Research had projected a $0.11 per share loss, Bitfarms’ Q2 report showed only a $0.07 loss per share, revealing a 33.36% positive surprise income.

Source: Cryptopolitan