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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 AlphaJon May 31, 2021 11:02am
119 Views
Post# 33296058

RE:RE:RE:RE:RE:RE:RE:RE:NASDAQ Next Friday ?

RE:RE:RE:RE:RE:RE:RE:RE:NASDAQ Next Friday ?I don't think anyone does. Like I said in my last post. On chain is strong, sentiment is bad, technicals are neutral. It's really what's happening is the marco economic environment that's going to tell us what's going on. It'll be interesting to see if lumber prices finally start coming down bc theyre insane right now. Meaning no interest rate hikes which is good, I never believed they would raise interest rates but apparently the market did. There is also alot more to digest bc besides the 6 Trillion budget, alot of talk about raising capital gain and corporate taxes in the US can also put downward pressure on risk on assets. So BITF and crypto may have strong fundementals but it may not be strong enough to counter the marco economics. We are in a precarious time in the economy. It'll be interesting to watch this play out.
bidoux67 wrote: Thanks AlphaJ for confirming! I'm still on the sidelines holding LEV...made some profit but waiting for a good entry point to get back into BITF. Hopefully we start getting some positive sentiment and price direction with BTC then I am all in! Just right now I have no idea where we are heading. GLTA


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