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Stocks in play: Bitfarms Ltd.
Reported its financial results for the third quarter ended September 30, 2024. All financial references are in U.S. dollars. Total revenue of $45 million, up 8% Q/Q. Net loss of $37 million, or $(0.08) per basic and diluted share which included a $6 million non-cash gain for revaluation of warrant liabilities in connection with 2023 financing activities. This compares to a net loss of $27 million, or $(0.07) per basic and diluted share in Q2 2024, which included a $1 million non-cash expense for revaluation of warrant liabilities in connection with 2021 and 2023 financing activities. Bitfarms Ltd. shares T.BITF are trading down $0.03 at $3.74.
