RE:RE:RE:RE:HIVE vs BITF nonsense
In Q1 2012 Bitfarm shareholder's equity rose $126,456,000 from $15,447,000 as of 31 Dec. 2020 to $141,903,000. That, includes $53,033,000 in cash, $32,428,000 in digital asset (computers), $22,829,000 deposit on equipment prepayment, increase of $9,639,000 in property, plant, and equipment, and a decrease in liabilities of $14,165,000.
That increased each shareholders equity by $1.02 per share in a matter of three months.
This huge increase in shareholder equity is the result of Bitfarm plowing millions to grow profits that in Q1 saw a gross profit $19,312,000, an increase of $18,017.000 over Q1 2020. Bitfarms net loss of $6,935,000 was not an operational loss but the result of a warrant revaluation.
Read Bitfarms Q1 2021 financial report and read their recent releases:
https://bitfarms.com/app/uploads/2021/05/BITFARMS-Q1-2021-FS-FINAL.pdf
In addition to plowing profits into growth Bitfarms into a leading North American blockchain farm Bitharms has raised millions to grow operations at an expodential rate.
In short, Bitfarms is growing operations, revenue, and operating profits at a furious rate ploughing profits and raised funds into equipment and plants.