RE:RelaxIt is a fact that Bitfarm is undervalued compared to other miners, especially RIOT and MARA. Based on a Bitcoin price of US$55,000, BITF is making US$495,000 per day. Its gross mining cost are US$7,000 per coin, thus US63,000 per day. BITF net mining revenues are US$432,000 per day, $39,312,000 per quarter, US$157 million per year. Substract other costs (depreciation, admin, etc.) of US$5 million per quarter, its net profit would total US$137 million, or CAN$172 million. Profit per share ($172M/140M shares) would total CAN$1.23. A very conservative P/E ratio of 20 would give a stock price of $24-$25, very far from today stock price.
The market does not seem to understand bitcoin mining, I means the Canadian market. MARA (US$36) and RIOT (US$52) are producing less bitcoins than BITF, but get higher values on NASDAQ.