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.

TSX:BITF - Post by User

Bitfarms Ltd

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Comment by countalphamomoon Jul 27, 2020 4:59pm

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Post# 31326922

RE:BITCOIN TO THE MOON

I'm looking forward to BITF going higher as well but I don't think they are producing at 3900 a BTC. Maybe they were at one point but the hash rate has gone up a LOT since then. Last week the lowest cost miners were producing BTC at approx $4500 USD per BTC. BITF is probably a bit higher than that. I'm going to guess they are around $6500.

So anyway, totally agree if the price of BTC keeps going up this week then BITF will do well.

HODL ON!

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