{"id":16996,"date":"2022-05-16T21:36:13","date_gmt":"2022-05-16T21:36:13","guid":{"rendered":"http:\/\/egrowonline.com\/?p=16996"},"modified":"2022-05-16T21:36:13","modified_gmt":"2022-05-16T21:36:13","slug":"why-bitcoin-ethereum-and-litecoin-related-stock-bitfarms-is-diving-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=16996","title":{"rendered":"Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Diving Today"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\"><strong>Bitfarms Ltd<\/strong> <span class=\"ticker\" data-ticker=\"BITF\" data-exchange=\"NASDAQ\">BITF<\/span> shares are trading lower by 7.00% at $1.89. The company reported first-quarter earnings results Monday morning.<\/p>\n<p class=\"core-block\">Bitfarms reported quarterly earnings of 2 cents per share. This is an increase over losses of 6 cents per share from the same period last year. The company reported $40.33 million in sales this quarter, an increase of $28.43 million in the same period last year.<\/p>\n<p class=\"core-block\">Bitfarms says financial results in first-quarter 2022 were substantially impacted by the decline in the market price of BTC during the quarter as compared to fourth-quarter 2021.<\/p>\n<p class=\"core-block\"><em>See Also: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/m-a\/22\/05\/27219316\/why-spirit-airlines-shares-are-taking-off-today\" rel=\"noopener\">Why Spirit Airlines Shares Are Taking Off Today<\/a><\/em><\/p>\n<p class=\"core-block\">Bitfarms owns and operates <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-blockchain-penny-stocks\/\" rel=\"noopener\">blockchain<\/a> farms that power the global decentralized financial economy. It provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum and Litecoin.<\/p>\n<p class=\"core-block\">According to data from <a target=\"_blank\" href=\"https:\/\/benzinga.grsm.io\/register174\" rel=\"noopener\">Benzinga Pro<\/a>, Bitfarms has a 52-week high of $9.36 and a 52-week low of $1.68.&#013;\n<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/05\/27224966\/why-bitcoin-ethereum-and-litecoin-related-stock-bitfarms-is-diving-today\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitfarms Ltd BITF shares are trading lower by 7.00% at $1.89. The company reported first-quarter earnings results Monday morning. Bitfarms reported quarterly earnings of 2 cents per share. This is an increase over losses of 6 cents per share from the same period last year. The company reported $40.33 million in sales this quarter, an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[50,7594,3827,158,7233,593,446],"class_list":["post-16996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-bitcoin","tag-bitfarms","tag-diving","tag-ethereum","tag-litecoinrelated","tag-stock","tag-today"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/6.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16996"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16996\/revisions"}],"predecessor-version":[{"id":16997,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16996\/revisions\/16997"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15885"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16996"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}