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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

Post by SirPigleton Mar 03, 2021 9:42pm
146 Views
Post# 32711963

Is this the most inefficient miner in the space?

Is this the most inefficient miner in the space?
The margins would say so, what am I missing here? This company is incredibly inefficient with -42% operating maring. Hive blows this out of the water why would I buy bitf over hive?

They also just tied up all their capital for miners they aren't going to receive for 2 YEARS! It sounds like this will be dilution city over here to keep up.

Short term price target of $5.50, if that doesn't hold then yikes.

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