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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.


TSX:BITF - Post by User

Bullboard Posts
Comment by SunDrezon Jan 28, 2020 1:58am
66 Views
Post# 30606773

RE:RE:RE:RE:RE:Target price for BITF shares

RE:RE:RE:RE:RE:Target price for BITF shares
I did take a look at the CSTR, there was no fundamentals in place to purchase it. I saw nothing in it that I believe supports that this will even remotely sustain. Having a power contract does not classify it as anything, let alone a miner. In the end, when intuitional investment steps through the door, is that anyone invested in stocks such as BITF will do much better than anyone can imagine. As BITF has a true value, and it will reflect as needed, when the financials are released, and they show profitability with BTC at these current values it will push the price up. And when BITF reaches the $2 level, with stable fundamentals in place, and the listing is upgraded to the TSX, then at that point with BTC value increasing rapidly, all types of intuitional funds will be desperate to find regulated avenues to gain exposure to BTC. Without question, "REAL CRYPTO MINING" companies such as BITF with true accounting dynamics providing DATA showing PROFITABILITY will give extremely large gains to early adopters. We are the early adopters. Take this how every you like, but there is a very large difference in buying into a profitable company, such as BITF with a massive amount of working upgraded HASH POWER, or buying into a venture which has a power contract nothing more (CSTR). Sun Drez
Bullboard Posts