TLDR
- Bitfarms stock jumped 28.3% to $5.39 on Monday with trading volume up 307% from average levels.
- The rally came after President Trump walked back his threat of 100% tariffs on China, which he posted over the weekend on Truth Social.
- Friday’s crypto market crash wiped out $19 billion in leveraged positions, exceeding the FTX collapse as the largest liquidation event in history.
- Wall Street Zen upgraded Bitfarms from “sell” to “hold” while Northland Securities set a $7.00 price target for the stock.
- Bitfarms reported a loss of $0.02 per share in its latest earnings, missing estimates by a penny with revenue of $77.80 million.
Bitfarms stock rocketed 28.3% on Monday to close at $5.39. The Bitcoin mining company led a sector-wide rally after President Trump reversed course on threatened Chinese tariffs.
Trading volume exploded to 150 million shares, up 307% from the daily average of 36.8 million. The stock had closed at $4.20 on Friday before the weekend clarification.
The rally came after a brutal Friday selloff that wiped $19 billion from crypto markets. Trump had announced plans for 100% tariffs on all Chinese imports, sending mining stocks into freefall.
Over the weekend, Trump changed his tone completely. He posted on Truth Social that investors shouldn’t worry about China.
He called President Xi “highly respected” and said he “just had a bad moment.” The comment signaled a dramatic shift from Friday’s aggressive stance.
BREAKING: After President Trump laid the HAMMER on China due to their threatening actions on trade, Trump declares, “It will all be fine!”
“Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to… pic.twitter.com/jwJw0GuNYp
— Eric Daugherty (@EricLDaugh) October 12, 2025
The tariff threat was based on a misunderstanding. China had expanded export controls on rare earth minerals used in defense and semiconductor production on October 10th.
Trump interpreted these standard trade measures as hostile action against the United States. Market commentator The Kobeissi Letter confirmed the mix-up.
Treasury Secretary Scott Bessent added clarity on Monday. He told markets the proposed 100% tariffs “don’t have to happen.”
His comments helped settle nervous investors who feared an escalating trade war. Bessent’s statement suggested the tariff threats were negotiating tactics rather than concrete policy.
Analyst Upgrades Follow Recovery
Wall Street Zen upgraded Bitfarms from “sell” to “hold” on September 13th. Northland Securities set a $7.00 price target in Monday’s research report.
Compass Point initiated coverage with a “buy” rating on September 15th. Jones Trading also assigned a “buy” rating with a $2.00 price target back in July.
Six analysts now rate the stock as “buy” with one “sell” rating. The consensus price target sits at $4.35 according to MarketBeat data.
The company reported earnings on August 12th that missed expectations. Bitfarms posted a loss of $0.02 per share versus the $0.01 loss analysts predicted.
Revenue came in at $77.80 million, falling short of the $79.78 million estimate. The company maintains a quick ratio of 3.03 and a debt-to-equity ratio of 0.11.
Institutional investors have been adding positions. Vident Advisory boosted holdings by 70% in the second quarter to 11.4 million shares worth $9.5 million.
Invesco increased its stake by 40.4% to 13.2 million shares valued at $11.1 million. Charles Schwab Investment Management grew holdings by 52.2% to 3.8 million shares.
Record Liquidation Event Shakes Crypto
Friday’s flash crash liquidated $19 billion in leveraged crypto positions. This surpassed the FTX collapse as the largest liquidation event ever recorded in crypto history.
Hyperliquid saw roughly half of all liquidations with $10.3 billion in positions wiped out. Binance and Bybit also reported substantial losses.
Binance faced questions after some token prices briefly displayed as zero. The exchange blamed a user interface bug affecting certain trading pairs.
The glitch didn’t impact actual trade execution, according to company statements. Crypto.com CEO Kris Marszalek called for regulatory scrutiny of exchange operations during the crash.
He questioned whether platforms maintained proper controls and pricing systems. His concerns focused on potential failures during extreme volatility.
Ethena’s USDe stablecoin temporarily lost its dollar peg during the chaos. Founder Guy Young said the depeg was isolated to Binance due to orderbook mechanics and temporary deposit restrictions.
Other mining stocks joined the rally. Cipher Mining gained 20% while Bitdeer, IREN and MARA Holdings each rose approximately 10%.
AI infrastructure news helped boost sentiment. OpenAI announced a partnership with Broadcom to develop custom chips for artificial intelligence applications.
Bloom Energy signed a $5 billion deal with Brookfield Asset Management to deploy fuel cells for AI data centers. Bitcoin mining companies have been pivoting toward AI computing to diversify revenue streams.
Strategy rose 2.8% while Coinbase traded flat. Robinhood increased 1% as broader markets recovered.
The post Bitfarms (BITF) Stock Surges as Trump Walks Back China Tariff Threat appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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