For investors bullish on Bitcoin (BTC-USD), Bitfarms (NASDAQ:BITF) is an attractive pick. The Bitcoin miner looks undervalued even after a rally of 100% in the last 12 months. With significant expansion plans, the company is positioned for stellar revenue and cash flow growth. To put things into perspective, Bitfarms reported a hash rate capacity of 6.5EH/s as of January. The Company is targeting a capacity of 12EH/s in the first half of the year. Capacity is further expected to expand to 21EH/s by the end of the year. With visibility to triple capacity, the growth outlook is robust. It’s also worth noting that Bitfarms reported a liquidity buffer of $117 million as of December 2023. Further, the company expects to be debt-free this month. Therefore, financial flexibility is high for financing aggressive growth. If Bitcoin trades at new all-time highs this year, Bitfarms will generate ample cash flows to pursue the next leg of expansion in 2025.