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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 mjt2020on Jun 12, 2021 3:26pm
112 Views
Post# 33378090

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nasdaq listing I could be wrong, but I'm fairly sure that ASIC based hardware is basically optimized to mine one thing (i.e. Ether).    So, if HIVE is heavily invested in ASIC mining hardware, I don't know that they can change it to mine bitcoin or other cryptos without quite a bit of investment.   To survive long term they are going to have to re-make themselves which will mean going back to investors for money, etc.    If they move into bitcoin mining, they'll also be playing catch-up versus companies like BITF and HUT. 

I definitely agree that a lot of the speculative coins are going to go away when the hype settles and crypto in general is hit with more regulation.   

I think HUT has a little more coins than that... 3566 is the last number I saw but I will double check.   BITF is definitely quickly catching up and will soon be mining more than that in a single year, also with lower cost.   


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