Post by
SirPiglet on Mar 03, 2021 9:42pm
Is this the most inefficient miner in the space?
The margins would say so, what am I missing here? This company is incredibly inefficient with -42% operating maring. Hive blows this out of the water why would I buy bitf over hive?
They also just tied up all their capital for miners they aren't going to receive for 2 YEARS! It sounds like this will be dilution city over here to keep up.
Short term price target of $5.50, if that doesn't hold then yikes.
Comment by
luv2fly on Mar 03, 2021 9:56pm
No debt, mining over 9 BTC a day at under 7k. They going up to 3 ph\s end of yr. Raised already for the miners and hodled over 300 BTC already in month and bit.
Comment by
AlphaJ on Mar 03, 2021 11:08pm
You'd buy bitf if you knew that its more important for startups to reinvest then show profits. But go to hive...they have no future like you u in trading ...
Comment by
SirPiglet on Mar 03, 2021 11:23pm
Bitfarms has 100% of its hashrate in Quebec, a place that is rumoured to start cracking down on miners. That is a very risk gamble to have 100% of your hashrate all in one location.
Comment by
luv2fly on Mar 03, 2021 11:39pm
That's Mongolia. Lol. You didn't hear about the problems selling hydro today then I take it. So they will need to sell even more than the contract already in place.
Comment by
DotComRich on Mar 04, 2021 12:29am
Mongolia is old news I am referring to Quebec. Don't say I didn't warn you.
Comment by
luv2fly on Mar 04, 2021 8:00am
https://montreal.ctvnews.ca/baie-comeau-a-quebec-town-of-21-000-is-betting-on-the-development-of-cryptocurrency-1.5295240