Bitcoin mining company Bitfarms announced a stock repurchase plan to buy back up to 50 million shares, representing about 10% of its outstanding shares, starting July 28. The repurchase will occur through Nasdaq and the Toronto Stock Exchange over the next 12 months. Following the announcement, Bitfarms' stock price rose by 8%. CEO Ben Gagnon stated that the company's valuation is underestimated and highlighted plans to leverage US energy assets to expand AI infrastructure.