Bitfarms Ltd. (BITF) stock is soaring in pre-market trading on Wednesday, with shares up 9.85%. This significant uptick comes as part of a broader rally in cryptocurrency-related stocks.
The surge in Bitfarms' stock price aligns with a general upward trend observed across the crypto sector. According to market reports, several crypto shares are experiencing substantial gains in pre-market trading. Canaan, another player in the crypto space, is up 11%, while other crypto-related stocks like BTBT, CleanSpark, BitMine, and BTCS are also showing positive movements ranging from 2% to 5%. This widespread rally in crypto shares suggests a renewed investor interest or positive sentiment in the cryptocurrency and blockchain technology sectors, contributing to Bitfarms' impressive pre-market performance.