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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 Vanessa1990on Feb 12, 2021 1:37am
220 Views
Post# 32549409

Clarification on BITF

Clarification on BITF

I think I should clarify my stance on BITF.  It’s not a bad company as they are doing all the right things.   When I say they are a struggling company, I was implying that they do not know how to expose themselves like MARA/RIOT.  It’s also NOT an excuse just because they’re not listed on Nasdaq.  You look at HUT/GLXY and they’re not listed on Nasdaq, but people know about them and they’re excelling.  HUT is a perfect example as they brought in Sue Ennis.  She does a great job of bringing the proper exposure to the brand and gives consistent updates.  More and more are becoming aware of HUT.  Hardly anyone knows about BITF.  

 

I had a bit over 6000 shares with BITF.  I sold about 3000 at 4.17 and split everything towards HUT/GLXY/MARA/RIOT.  I will give it until next week before I sell the rest of my BITF shares. 

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