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 > Hmmm

<< Previous

Bullboard Posts

Next >>

Comment by AlphaJon May 22, 2021 10:41am

103 Views

Post# 33253819

RE:RE:RE:RE:RE:RE:RE:Hmmm

Because Bitcoin trades on technicals.. alot. I'm just concerned about the 200 SMA which is at $40k USD right now. Bitcoin tends to head lower once it breaks trend line. I'll buy back in if BTC can close above $40k. Otherwise, I'm short term bearish.