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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

Comment by E17on Jan 09, 2021 5:49am
213 Views
Post# 32260603

RE:FP article

RE:FP articleAt least I'm in good company!  The writer of the FP article appears to be out by a factor of a million on their calculations (1 exahash = 1 quintillion calculations per second):

Bitfarms President Geoffrey Morphy says the company has long-term contracts in place for up to 167 megawatts of electricity in Quebec and expects it could hit that level of consumption by this year’s end, as it adds thousands of computers and expands its computing power by a factor of three, to a so-called “hashrate” of three exahash per second (three trillion mathematical calculations a second).
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