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Bullboard - Stock Discussion Forum 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... see more

TSX:BITF - Post Discussion

Bitfarms Ltd > Relax
View:
Post by Lukedavio on Mar 09, 2021 7:43pm

Relax

Bitcoin at 70k CAD Bitfarms is mining 9BTC daily (for now) I agree with the previous post investors need to see results and with Bitfarms making $630000 7 days a week that won't take long. Be patient and thankful you can still buy in this range. Buy the dips and chill out peeps
Comment by norim109 on Mar 09, 2021 9:28pm
It is a fact that Bitfarm is undervalued compared to other miners, especially RIOT and MARA. Based on a Bitcoin price of US$55,000, BITF is making US$495,000 per day. Its gross mining cost are US$7,000 per coin, thus US63,000 per day. BITF net mining revenues are US$432,000 per day, $39,312,000 per quarter, US$157 million per year. Substract other costs (depreciation, admin, etc.) of US$5 million ...more  
Comment by Lukedavio on Mar 09, 2021 10:41pm
Well put. I've seen this accumulation phase play out on hundreds of stocks in the last 20 years of trading. It's typical. Everybody knows where this stock price is going.
Comment by ToothlessGrin on Mar 09, 2021 10:48pm
If after reading this post, you still can't relax, then you need to sell and reboot your nervous system. Great rational post. Thank you
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