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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Financial Services Cryptocurrency
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 > NR - February 7, 2021 6:44 PM
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Comment by jonahbon Feb 08, 2021 8:06am
88 Views
Post# 32498564

RE:RE:RE:NR - February 7, 2021 6:44 PM

RE:RE:RE:NR - February 7, 2021 6:44 PMMoney a company receives from investment is not income, It's equity. The company has to then use that money to generate more revenue than expenses in order to show a net income or a profit. Money they receive from investment simply isn't profit lol.
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