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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

Comment by Tuco110on Feb 21, 2021 3:21pm
133 Views
Post# 32622289

RE:RE:RE:RE:RE:BTC above 58 000 USD = Tomorrow could be above 60 000 USD

RE:RE:RE:RE:RE:BTC above 58 000 USD = Tomorrow could be above 60 000 USDWhat the heck does energy consumption have to do crypto valuations? That is a nonsensical red herring. That's like saying 100 years ago, that building a car requires too much energy and resources so I will stick with my horse and buggy, thank you very much. So the US dollar is worth xxx, or the Euro is worth xxx just because the central bank says so? I would trust the valuation of supply and demand(crypto) over fiat currencies with no underlying value other than government manipulation.
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