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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

Post by MAZZMEXon Nov 26, 2020 10:34am
868 Views
Post# 31978204

some will regret selling today...

some will regret selling today...Thanks to the nervous nellies who allowed me to load up another 40k shares@$.60! Today was the perfect opportunity to buy in BITF. Bitcoin retracing(key word) and the negatve financials headline this AM, which seems a lot worse than it is... Like stated in the release, the BTC avg price over the last 20 days was $16500,, That's an extra $6K per BTC mined above avg price of BTC for the reported quarter. 535 BTC X $6K= $3.2Mil extra rev.. Also Don't forget that BITF has Spent lots of $$ on new equipment. That always shows off as loses in the financial but it will help produce more BTC over the coming quarters. Now if you think that BTC is just taking a lil breather before breaking to new all time high, BITF will be A top miner very soon and we will see multiple dollars SP..
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