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Bullboard - Stock Discussion Forum
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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TSX:BITF - Post Discussion
Bitfarms Ltd
> BITF
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•••
HarfanddesNeiges
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Post by
HarfanddesNeiges
on Jun 29, 2021 9:56am
BITF
I don"t know why BITF is stucked at 5.07 C$. GLTA
(43)
•••
NICKMAN
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Comment by
NICKMAN
on Jun 29, 2021 12:07pm
Looks like everyone else does. They can't turn a profit.
(31)
•••
LetsRoll10
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Comment by
LetsRoll10
on Jun 30, 2021 4:26pm
The reason is they have to work through 25 M shares because the finance company that leant the farmers the cash will sell shares to pay that money off. It's a real smart play as Bitfarms can hold the Bitcoins and then finance for the operations. These guys are smart cats. In two weeks once the 25 M shares are sold off then it's exciting times as this pony should rock and roll.&
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