RE:BITF FinancialsHighlights:
In Q1 2021, the Corporation generated revenues of $28.4 million, up $19.2 million, or 209%, compared to the same period in 2020, driven by organic growth, as we increased our average hash rate by approximately 39%, and a significant increase in Bitcoin price. The average Bitcoin price for the quarter stood at approximately $45,000 compared to approximately $8,300 for the same period in 2020 Since the end of the first quarter, we have continued to add to our BTC inventory which now stands at approximately 1,000 Bitcoin, valued at approximately $40 million,” commented Mauro Ferrara, Interim Chief FinancialOfficer and Corporate Secretary. so they are up 209% in revenues from this time last year, and they currently hold over 1,000 Bitcoin.
to put this in perspective HIVE mined something like 130 Bitcoin for the entire year of 2020.
so it would take HIVE 10 years to get what BITF accomplished in 2 Quarters.
but hey what do I know, im just spreading FUD right?
*snickers*
*has HIVE investor shine shoes*
*puffs cigar*
-Bac0n
Bac0n wrote: here everyone ill provide the link to BITF financials that were just released today,
Obviously this is an attempt by me to lie and deceive you all by posting facts and providing my source.
BITFARMS-Q1-2021-PR-Final-Clean.pdf
*sips scotch*
-Bac0n