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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 E17on Feb 19, 2021 1:34pm
191 Views
Post# 32611181

I'm still here!

I'm still here!Who could've predicted bitcoin's current levels?  Who can predict what future levels might be?

I'm glad to be holding my rump of shares here after taking profits (in fear) in Jan.  I think Bitfarms will comfortably make net income of over $100m (probably closer to $150m) this year, so still on a P/E < 10, not bad for a growth company!

One of the lowest cost, eco-friendly miners out there, well capitalized, with a growing HODL.

Who could ask for more - people have made serious money here, hence some profit-taking, but this is nailed on for higher levels if bitcoin continues to surprise to the upside.

To put it another way - there are plenty of companies making a loss with higher mkt caps.  Bitfarms will make a substantial profit, and there's now telling how much that might be...
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