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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.


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Post by zoevans1on Feb 15, 2024 5:47pm
153 Views
Post# 35882985

Exciting times ahead!

Exciting times ahead!

" Checking out the latest updates on the construction of our facilities in Paraguay. Exciting times ahead!

1. Construction at Paso Pe. First air cooled warehouse. First transformer arrived, ventilation fans in the roof installed, six more transformers arriving this week

2. The sub-station control room and concrete pad where the primary transformer will reside

3. Air cooled warehouses come along quickly

4. New Yguazu farm! Flat, dry and across the street from a newly built ANDE sub-station powered by 500 KV line directly from the Itaipu generating station"

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