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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 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

Bullboard Posts
Post by CannaKid80on May 08, 2020 10:04am
163 Views
Post# 31002511

In at .55

In at .55

Loving the short term potential here. I got into HUT but sold too early, pivoting to BitFarms to ride this wave of optimism. Halving + financial crises = ATH for bitcoin. Seems inevitable right now all the momentum is with the bulls. 

HUT8 is definitely the better buy given the BTC holdings, but their machines are old and they will need to invest ASAP to keep pace. While BITF did not much the absolute best on the market (no one outside China can), they have 13,000 new generation miners all finely tuned and ready to go in advance of the halving. 


I think they timed their expansion / upgrades perfectly, and will be rewarded in the market as it returns to its July SP. 

GTLA. This basher probably sold his shares at a loss and is better. If you're down hang in there, if you're up enjoy the ride! Good news coming for all soon. 

Bullboard Posts