Bitfarms Ltd V.BITF

Primary Symbol: 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

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Post by keithvictoria41on Aug 12, 2022 11:00am

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Post# 34891486

Bitfarma sold bitcoin at a loss during the quarter

Don't forget they sold almost all there bitcoin during the quarter at the bitcoin lows that was horrible to pay down a bit of debt, so for holdings they don't have much now will they do the same again ?? This is a very risky stock for shareholders .

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