币界网报道：Bitfarms (BITF) stock declined despite the broader Bitcoin rally, as operational and macroeconomic pressures weighed on the mining company. While Bitcoin surged past $43,000, Bitfarms shares dropped over 5%, reflecting investor concerns over rising energy costs, regulatory uncertainty, and broader market volatility. The company recently reported a 9% increase in Bitcoin production for November, mining 411 BTC compared to 378 BTC in October. However, higher electricity expenses and lower Bitcoin prices earlier in the quarter impacted profitability. Bitfarms also faces challenges from potential tax changes in Quebec, where it operates several mining facilities, as the provincial government considers increasing hydroelectric rates for crypto miners. Additionally, macroeconomic factors such as inflation and potential interest rate hikes continue to create headwinds for the sector. Despite these pressures, Bitfarms is expanding its operations, with new facilities under development in Argentina and Paraguay, aiming to leverage lower energy costs in those regions. The company maintains a long-term bullish outlook on Bitcoin, holding most of its mined BTC as part of its treasury strategy. Industry analysts note that while mining stocks often underperform during Bitcoin price rallies due to operational risks, companies like Bitfarms with diversified geographic footprints and cost-efficient operations may be better positioned for long-term growth.