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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 bufordpusseron Apr 19, 2021 4:54pm
169 Views
Post# 33023811

RE:RE:I call B.S. on this Argentina story

RE:RE:I call B.S. on this Argentina storyThis company only had 5.9 million in the bank at the end of 2020. And 150 Bitcoins on the balance sheet February 4, 2021. This isn't much to start a new project in Argentina. I suppose they could raise cash but it appears bitf is late to the game. It's good what they have accomplished but eventually this company will have to re-invent itself into something else.

https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
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