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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

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Post by Barrheadon Jan 31, 2021 11:27am
242 Views
Post# 32431309

7/24/365 Bitcoin Investors - now @ $33k USD average

7/24/365 Bitcoin Investors - now @ $33k USD averageThis weekend hasn't been overly kind to Bitcoin as consolidation is happening around the clock, unlike 2 weeks ago with that $41k tickling. Might be a good opportunity for the Bitcoin related stocks such as BITF to show some significant fluctuations, and provide another gleaning of the retail investors by the big boys/hedge funds. Possible investigations into the ~120% shorting trading activities of the O/S shares, and the huge losses this last week on shorted stocks as some have lost $100 millions.   
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