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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 Barrheadon Apr 20, 2021 12:51pm
87 Views
Post# 33029805

RE:RE:Still like the stock

RE:RE:Still like the stockYes BITF has some tremendous income potential, but to move to Argentina? That beats me on that decision. Alberta has some of the largest reserves of stranded natural gas in North America, and making a deal with some of Canadian based companies to buy and use it for mining makes sense; I call it gas to wire technology, and has been in use instead of selling nautral gas down a pipeline for next to nothing. Producers in Alberta would probably love to 'Make a Deal', to sell some of their shut-in natural gas: WHY go to Argentina!! Not many years ago they went to war against the Brits over the Faulkland Islands, and lost horribly leaving many to mourn. Why not keep the BITF monies in Canada, in a political friendly country and help support our elderly, wives in children and daycare expenses outlined in the Budget yesterday? Help me understand BITF rationale in spending money outside of Canada and not supporting our population that will pay taxes for our well being?
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