%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / Investors on the hunt for deals in the cryptocurrency space should consider Canadian Bitcoin miner Bitfarms (TSX: $BITF ). The Toronto-based company is a leading Bitcoin mining company that has been growing in recent years through acquisitions, gaining market share in the process. The company acquired rival Stronghold Digital for $175 million U.S. in stock amid a wave of consolidation among crypto miners. Bitfarms has also managed to fend off hostile takeover advances from leading U.S. Bitcoin miner Riot Platforms (NASDAQ: $RIOT ). Part of keeping Riot Platforms at bay has involved Bitfarms diversifying to become an energy provider to data centres that run high-performance computing and artificial intelligence (A.I.) applications. Bitfarms sources its electricity from predominantly eco-friendly hydroelectric sources, winning it kudos from investors and environmentalists. Listed on the Nasdaq exchange in the U.S., Bitfarms has a market capitalization of less than $2 billion U.S., making it a micro-cap stock. While its share price can be volatile, BITF stock has managed to rise an impressive 57% over the past year, even as the price of Bitcoin has been cut in half. Analysts say the strong performance is due to Bitfarms expansion into data centres and its growing exposure to the A.I. boom. At $2.14 U.S. per share, Bitfarms is a penny stock, defined as any security that trades for less than five bucks. However, BITF stock is likely to rise further once Bitcoin and other cryptocurrencies bottom from their current selloff and reverse higher once again.