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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 Jun 11, 2021 4:17pm
182 Views
Post# 33373945

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nasdaq listing

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nasdaq listing BITF is definitly the fastest growing miner, i think they have the brightest future. HIVE is doing amazing right now because etheruem mining is highly profitable but etheruem mining will expire in the next year or 2, when etheruem moves to POS. So I dont see any major large investors coming into hive becasue they have a grey future. Most big investors have 5-10 year horizons. HIVE is trying to diversifiy but its nothing special. HIVE has little chance of covering their revenue losses when etheruem switches to POS. I think BITFs future is pretty concrete and you can see their vision and that it will be a big future. HUT is decent but they have almost double the mining cost of HIVE and BITF.

mjt2020 wrote: Yes, some luck is nice every once in the while.   I certainly don't count on it because mine is usually bad (winning a free coffee at Tim's once in ten years is usually as good as it gets).    I bought some HUT today again and am going to hold BITF as well for a while I think.   HUT's fundamentals are better and they've obviously mined more coin since they've been doing it longer.   However, BITF is doing a good job as the energetic upstart and is catching up.   Both of them look promising if you're a believer in crypto. 

Saw your mention of HIVE.   I don't have the comfort level with them yet but that's partly because I have a bunch more research to do.  They've held up decently through the more recent bitcoin mood swings in the past couple of weeks.  


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