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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Technology Software - Application
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

Bitfarms Ltd > Earnings not good timber
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Comment by chris579457on Mar 07, 2024 9:50am
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Post# 35920240

RE:Earnings not good timber

RE:Earnings not good timber Bitfarms’ Chief Financial Officer Jeff Lucas said, “In 2023, we strengthened our balance sheet and improved our liquidity, lowering our debt obligations from a peak of $165 million in June 2022 to fully debt free two weeks ago, except for our lease obligations. By further enhancing financial flexibility and liquidity, we can better support our aggressive growth plans for 2024.
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