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.

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Bitfarms Ltd

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Post by JJ2351on May 10, 2024 7:29pm

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Post# 36034733

Bitcoin miners

To understand how they are making money is through processing transaction earning bitcoins so lately the bitcoin has been high volume up and down earning bitfarm more coins so the more coins they hold as bitcoin heads higher is like holding gold bars earned and if bitcoin does head over $100,000 by summer and is excepted as a standard accepted in ETF and later government approved this stock will head towards its analyst target of over $4.

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