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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.


TSX:BITF - Post by User

Bitfarms Ltd > Bitfarms Reports Q4 2020 Revenue of $11.3 Million, Net Loss
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Comment by biggerron Mar 25, 2021 9:32am
107 Views
Post# 32874254

RE:RE:RE:Bitfarms Reports Q4 2020 Revenue of $11.3 Million, Net Loss

RE:RE:RE:Bitfarms Reports Q4 2020 Revenue of $11.3 Million, Net Loss BITF held up remarkably well in the last few weeks despite a big drop in BTC price. These guys can't make a profit because they constantly buy new mining machines and the cost of mining goes up as the BTC price goes up
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