12 Hot Penny Stocks to Invest in Right Now

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6. Bitfarms Ltd. (NASDAQ:BITF)

3-Month Performance as of November 25: 123.39%

Average Upside Potential as of November 24: 165.40%

Number of Hedge Fund Holders: 10

With strong three-month performance and significant upside potential, Bitfarms Ltd. (NASDAQ:BITF) secures a spot on our list of the 12 hot penny stocks to invest in right now.

On November 14, 2025, The Fly reported that Bitfarms Ltd. (NASDAQ:BITF) saw Cantor Fitzgerald raise its price target from $2.20 to $5.00, while reiterating an “Overweight” rating. The investment firm cited the company’s Q3 2025 results, which it believes were encouraging, despite the impact of the discontinuation of part of its business.

Meanwhile, on the previous day, Bitfarms Ltd. (NASDAQ:BITF) reported its Q3 2025 results. The quarter marked a 156% year-over-year increase in revenue to $69 million, driven by strong growth in its energy infrastructure and mining operations. Adjusted EBITDA rose from $2 million in Q3 2024 to $20 million. However, the quarter saw a net loss of $46 million due to an impairment charge.

During the quarter, Bitfarms Ltd. (NASDAQ:BITF) discontinued the Argentina and Paraguay operations, strategically shifting its focus to North American HPC/AI infrastructure projects. For Q3, the discontinued operations reported a total revenue of $14 million and a net loss of $35 million. The net loss included an impairment charge of $34 million due to the reclassification of assets from the Paraguay operations.

In the third quarter, Bitfarms Ltd. (NASDAQ:BITF) finalized a $588 million convertible note offering, enhancing liquidity to $814 million as of November 12, 2025. Looking ahead, the company appears to be well-positioned to expand into high-performance computing (HPC) and AI infrastructure.

Bitfarms Ltd. (NASDAQ:BITF), a leading North American energy and digital infrastructure company, specializes in high-performance computing and Bitcoin mining.

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