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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 > I found this about the Warrents
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Comment by AlphaJon May 26, 2021 10:24pm
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Post# 33273429

RE:RE:RE:RE:RE:RE:RE:RE:I found this about the Warrents

RE:RE:RE:RE:RE:RE:RE:RE:I found this about the Warrents
who cares? It's a technical loss using traditional accounting standards that measure profitable in an old school manner. Miners are one of the few business, maybe only business where their "inventory" is the hardest money on the planet...crypto. There is no accounting standard that can even account this in a meaningful way. What happen in 10 years when they have to accept crypto as revenue. You'll look back at this report and it will look all wrong to your future self. How can a company with 548 Bitcoin be at a loss? They forgot to add all that crypto revenue? ......See what I'm saying?
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