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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Technology Software - Application
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

Bitfarms Ltd > Good day for Bitfarm
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Comment by MrAcc0untanton Dec 21, 2020 4:33pm
105 Views
Post# 32154917

RE:RE:Good day for Bitfarm

RE:RE:Good day for BitfarmThey mine Bitcoin, like how Gold miners mine gold. Bitcoin is in a bull run right now and is trading at around 22-23K USD as of now. People expect Bitcoin to reach atleast 50k USD soon, hence the run up. Bitfarms is one of the biggest Bitcoin miner in North America. All their revenue comes from selling the Bitcoin that they mine.

I hope you have some idea about Bitcoin, If you don't then I would suggest some research on it first because it is a whole another world out there.   
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