The Globe and Mail reports in its Friday, March 28, edition that ATB Capital Markets analyst Martin Toner is keeping his "outperform" call on Bitfarms intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Toner gave his share target a $2.75 trim to $3.75. Analysts on average target the shares at $6.50. Mr. Toner says in a note: "We are constructive on Bitfarms' HPC/AI vision, though we believe a customer contract could be 12 months plus and Bitfarms will likely need to raise more capital to fund its infrastructure build-out in the interim. We are also encouraged that Bitfarms at its current EH/s levels will be able to mine profitably in 2025, taking pressure off the balance sheet. We lowered our EH/s growth assumptions given the focus on HPC/AI, while factoring in the share dilution following the Stronghold deal close." The Globe reported on June 20 that Mr. Toner was sticking with his "outperform" recommendation for Bitfarms. The shares could then be had for $4.24. The Globe reported on Nov. 26 that Stifel analyst Bill Papanastasiou had upgraded Bitfarms to "speculative buy" from "hold." The shares could then be had for $2.87.