Bitfarms Ltd (NASDAQ:BITF) Stock Slumps 16% After Announcing Mixed Earnings
Bitfarms Ltd (NASDAQ:BITF) stock is down 16% following mixed Q2 results released with the new share offering announcement. The company reported its Q2 earnings on August 16 after market close, delivering sales that beat market expectations. However, the loss was wider than anticipated because of the re-evaluation of Bitfarms’ BTC holdings. For the second quarter the company had sales of $36.7 million which topped analysts’ estimates of $22.7 million, but…