Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Financial Services Cryptocurrency

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 > HIVE About To Become the #1 BTC Miner

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Comment by AlphaJon Apr 27, 2021 2:10pm

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Post# 33075512

RE:HIVE About To Become the #1 BTC Miner

So, they'll be bitfs size now by the time bitf quadruples in size? I dont get it.....theyll be the number one miner in BC? BC bitf is already twice the size of hive in half the amount of years in business.....kinda hard to compete when your losing.

DotComRich wrote: HIVE Has an additional 1500 PH/s being announced any day based on these recent news releases announcing expected delivery of BTC mining hardware. This will put hive as the current #1 BTC miner and ETH miner based on hashrate! Here are direct quotes from two separate NRs you can find on their website.

"With the addition of these 3,000 next generation miners, HIVE’s aggregate operating hash rate from Bitcoin mining will increase to an estimated 1.763 Exahash per second (EH/s) or 1,763 PH/s by the end of 2021.

This new equipment is expected to be received and in operation in the next 60 days, delivered in 2 tranches, with 500 miners in March, and 2,500 miners in April 2021.

Also from another more recent purchase: The second supplier is providing 1,500 next generation miners with an aggregate hash rate of 45 PH/s. This new equipment is expected to be received and in operation in the next 30 days delivered in a single tranche in March 2021."