Portfolio under the microscope: Entry into $BITF - a tech bet on Bitcoin mining with high potential

Sometimes it's worth being patient with high-potential growth tech stocks, even though they come with increased volatility. These kinds of names often reward disciplined investors who wait for the right entry instead of trying to catch the exact bottom and top.

Over the past six months I had $BITF (Bitfarms) on my watchlist with a planned entry at 2.00 USD. After careful monitoring and recent price action, I opened a new position yesterday at 1.88 USD with a weight of 1% of the portfolio. My target price is set at 4.50 USD.

$BITF is among the largest publicly traded companies focused on Bitcoin mining. It operates large, energy-efficient mining farms in North America with an emphasis on sustainable energy sources.

Why I view $BITF as an interesting medium- to long-term investment:

Attractive valuation after the drop: The current price offers an entry significantly below my original target and reflects a reasonable valuation considering the mining capacity and plans for further growth.

Exposure to Bitcoin's long-term growth: As a pure-play miner, $BITF directly benefits from growing Bitcoin adoption, demand for network security, and potential price appreciation, without the risks typical for early crypto projects.

Operational efficiency and expansion: The company optimizes its hardware, secures cheap energy contracts, and increases its share of global hash rate, which positions it well even for the post-halving period.

High upside potential: Successful expansion and potential corporate catalysts could lead to a significant re-rating of the stock over a 12–24 month horizon.

Main downsides and risks:

High dependence on Bitcoin's price: A significant drop in $BTC would immediately impact mining economics and the stock price.

Energy costs and regulation: Rising electricity prices or regulatory changes (especially in key regions) can negatively affect margins.

Strong competition in the industry: Larger players with stronger balance sheets may gain an edge in efficiency and scaling.

Risk of the broader crypto market: Negative sentiment or regulatory interventions can cause severe declines across the sector.

I'm also watching other interesting names in this segment of tech infrastructure:

$IREN (Iris Energy) – planned entry 32 USD

$CIFR (Cipher Mining) – planned entry 11 USD

$NBIS (Nebius Group) – planned entry 76 USD

$CRWV (CoreWeave) – planned entry 52 USD

Overall, I view $BITF as an attractive way to gain leveraged exposure to Bitcoin's long-term growth and related technological infrastructure. At current prices, a small, well-managed position makes sense to me.

What do you think? Does $BITF make sense at these levels for you, or are you waiting for lower prices? What's your take on the other mentioned stocks?

Tickers mentioned in the post: $BITF $IREN $CIFR $NBIS $CRWV $BTCUSD

You can find the English version of this post on my eToro profile. If you'd like to follow me there or copy my USD portfolio, I'd appreciate it!