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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

Post by keithvictoria41on Mar 04, 2024 5:32pm
155 Views
Post# 35914419

What happens when bitfarms can only produce half of bitcoin

What happens when bitfarms can only produce half of bitcoin  Bitfarms produces  350 bitcoin right now a month when halving happens it will go down to 175 a month and our hash rate is very low a 7 will bitfarns be able to stay in buisness ?? Bitfarms shoukd be buying up as many machines as they can right now or merge with a larger company like riot 
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