24/7 Market News Snapshot 18 August, 2025 – Bitfarms Ltd. Common Stock (NASDAQ:BITF)
DENVER, Colo., 18 August, 2025 (www.247marketnews.com) – (NASDAQ:BITF) are discussed in this article.
Bitfarms Ltd. is experiencing significant market momentum, currently trading at $1.385, a notable increase of approximately 9.92% from its last closing price of $1.260. The heightened interest among investors is reflected in the trading volume, which has reached an impressive 57.30 million shares. The positive price action suggests potential for further bullish momentum, as BITF may break key resistance levels if this buying pressure continues. However, traders are advised to remain cautious of any pullbacks, as the Relative Strength Index (RSI) may soon indicate overbought conditions.
In a strategic move to bolster its leadership, Bitfarms has announced the appointment of Wayne Duso to its Board of Directors, effective immediately. Duso brings more than 25 years of experience from various high-profile roles, including significant contributions at Amazon Web Services (AWS) and EMC Corporation. During his 12-year career with AWS, he played an instrumental role in scaling operations from startup to a major player and was pivotal in launching multiple billion-dollar business initiatives centered on data storage and hybrid-edge cloud infrastructures.
The addition of Wayne Duso is seen as a key development for Bitfarms, as the company aims to enhance its focus on high-performance computing (HPC) and artificial intelligence (AI) solutions. Brian Howlett, the Independent Chairman, expressed confidence that Duso’s extensive expertise will be invaluable in navigating the dynamic landscapes of HPC and AI. Duso himself is enthusiastic about leveraging Bitfarms’ robust energy offerings to meet the increasing demands of data-driven enterprises. This appointment underscores Bitfarms’ commitment to innovation and growth in the rapidly evolving digital infrastructure sector.