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Bitfarms Ltd. (NASDAQ:BITF) is one of the top strong buy stocks under $5 to buy now. On August 18, Bitfarms Ltd. (NASDAQ:BITF) announced that it strengthened its board with the appointment of Wayne Duso.
Bitfarms Ltd.’s (NASDAQ:BITF) Board of Directors unanimously approved Mr. Duso’s appointment to the Company’s Board, effective immediately.
Management reported that with Mr. Duso’s appointment, Bitfarms Ltd.’s (NASDAQ:BITF) Board of Directors includes seven directors, six of whom are independent.
Bitfarms Ltd. (NASDAQ:BITF) is a vertically integrated Bitcoin mining company based in Canada. Its Bitcoin data centers have operations in the US, Canada, Argentina, and Paraguay.
The company operates server farms that comprise computers (Miners) specifically designed to validate transactions on the Bitcoin Blockchain.
While we acknowledge the potential of BITF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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