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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

Comment by MrAcc0untanton Nov 30, 2020 4:30pm
138 Views
Post# 32002995

RE:RE:RE:RE:RE:Bitcoin crosses previous All Time High

RE:RE:RE:RE:RE:Bitcoin crosses previous All Time HighI still feel this is price manipulation, someone wants a lot of shares and their tummy aint full yet.

Yes they do have higher interest rates on the miners and I am not a fan of them selling all the mined Bitcoin but keep a portion atleast especially with the outlook we have today on Bitcoin. 

Even after taking into consideration the above, it is dirt cheap. I wouldnt be surprised if in the near future some fund comes in and says that they have invested a lot of money in Bitfarms after which it starts to fly.

If you take a look at the level 2 quotes during the day, there is a constant supply of 500 shares below 0.83 which I feel is the resistance right now.

A bit frustrating, but I am holding for now.
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