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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 AlphaJon Mar 29, 2021 1:46pm
323 Views
Post# 32899270

Hut v hive v bitf

Hut v hive v bitf
these are the big 3 in Canada. Hive is the oldest with a 70% etheruem mining capacity. Hut and BITF are all bitcoin. Although I've heard hut may diversify their mining. Hive has a great operation, highly efficient! But with etheruem 2.0 on the horizon. They have alot of headwinds in their futute. Hut had a great operation, not the most efficient but they are die hard crypto. They've stashed over 3k bitcoins, I love that. Now bitf is younger then these guys. But they have the efficiency of HIVE and are hodling like HUT. All cryto miners are winners. But Hive could get chewed out if ethereum does the 1.5 phase early and cuts miners off. And hut has operational inefficiencies. Bitf is the only winner I'll risk it with in 2021. Personal opinion.
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