RE:This is getting very badValueInvestor44 wrote: It's going down the drain, even news are not moving the stock price.
https://www.businesswire.com/news/home/20191018005099/en/ "Wes Fulford, CEO of Bitfarms added “Mathieu has over 20 years of experience in designing, developing, and scaling software and hardware internet technology solutions" The PR says Mr Vachon has 20 years experience while his bio on the company website says 15 years. :
"Mathieu is a software wizard and internet entrepreneur with over 15 years of experience in designing, engineering, and scaling software and hardware internet technology ventures." Who is lying here ???
Another obvious red flag : the company is now buying a different miner (Avalon). One of the least efficient (and cheapest). Are they not able to buy from the other better manufacturers (Bitmain, Innosilicon, etc.)? Bad Credit ?
Either way, it's not looking good.
It's gonna be another story like "Hive", going to 0.15-0.20$.
My friend used to work for a mining company. Bitmain chooses their clients, they make so much money that they don't care, if you have no connections with them, it is very hard to buy a big lot from them. This is why, i believe Bitfarms chose Avalon or another company instead because they probably were able to agree for a 'wholesale' deal.