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 > Net loss of $7.6mil with a $0.06 EPS

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Comment by remyken1509on May 26, 2021 6:52pm

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Post# 33272823

RE:RE:Net loss of $7.6mil with a $0.06 EPS

they retained 1000 bitcoins actually and still had 7.6 millions loss, thats the amazing results. further their did spend alot of time highlighting that their mining accounting didnt meet ifrs standards. Since their quarterly financial statements are not audited (only annual), we'll only know for sure at end of q4 2021. Doesnt smell good but

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