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 > When the breakout comes...

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Comment by E17on Jan 06, 2021 12:50pm

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Post# 32233846

RE:RE:RE:When the breakout comes...

Let's assume for a minute that bitcoin price AVERAGES $20k over the next three years.

On their current quarterly runrate of say 600 coins per month?

at a cost of say $10k per coin?

Equating to $24m mining profit per annum.

let's assume that half of that goes in G&A.

So based on what I would consider to be extremely conservative inputs, this company is on no more than 20X P/E.

Now factor in upside.

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