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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 bufordpusseron Jan 26, 2021 7:30pm
234 Views
Post# 32393126

bitfarms vs hut

bitfarms vs hutNew to crypto mining but not new to reading balance sheets of conventional gold mining companies. Unless I am missing something, BITF has by far supior balance sheet.

BIT FARMS     Accumulated deficit         (16,771,000)

HUT8         Accumulated deficit        (142,879,169)

BIT FARMS TOTAL CURRENT LIABILITIES     15,398,000

HUT8 TOTAL CURRENT LIABILITIES         31,096,944

BIT FARMS 45.52%% of Shares Held by All Insider

BIT FARMS q3 2020 Mined 535 Bitcoins

Bitfarms by far the best of 4 crypto miners I looked at. I do like the insider holdings and the management team appears to be top notch.
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