Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Technology Software - Application

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.

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Bitfarms Ltd > Bitfarms: Recent Purchase Could Potentially Generate Signifi

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Post by AwareInvestoron Mar 08, 2021 11:47am

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Post# 32743420

Bitfarms: Recent Purchase Could Potentially Generate Signifi

Last week, Bitfarms announced that it has reached an agreement to purchase 48,000 new mining computers from MicroBT, a leading mining computer manufacturer based in China. This transaction could be transformational for Bitfarms; these computers could potentially generate around US$590 million of operating cash flow if conditions in the Bitcoin market hold at current levels. Bitfarms current stock market capitalization is about US$465 million.

https://thedeepdive.ca/bitfarms-recent-purchase-could-potentially-generate-significant-operating-cash-flow/

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