Alliance Global Partners analyst Brian Kinstlinger initiated coverage of Bitfarms (BITF) with a buy recommendation and $6 price target With a power capacity of 950 MW, or three times its current operations, Bitfarms can substantially increase the hash rate of BTC mining and explore High Performance Computing and AI programs, says the analyst, adding that a large portion of the company’s capacity is located in premium locations that provide access to the strategically valuable PJM network following the acquisition of Stronghold. President-elect Trump ran on a pro-Crypto platform and has surrounded himself with like-minded politicians, the analyst adds, arguing that Bitfarms will benefit from a pro-crypto US government.
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