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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

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

Post by AlphaJon May 29, 2021 10:13am
183 Views
Post# 33292315

Focus

Focus
right now there is a raging debate amongst economists. I've been so focused on crypto I missed the marco environment indicators which, as of now is really shaping up. Weve been seeing a ton of inflation over the last year and as of late there was a huge spike in inflation, especially in commodities. But if you watch Cathie. The counter argument is, it was temporary and that supply side will start meeting demand expectations and possibly overshoot, causing a ton of deflation. How does this effect us? Well, right now everyone is afraid of inflation and that the Feds may raise interest rates to counter inflation which is putting downward pressure on risk on assets such as tech stocks and Bitcoin. But what we might see is, if deflation runs rampant. We could see a swift return back to risk on assets like Bitcoin. Think about it, if costs come down, no need to raise interest rates. I have more money to risk. We could be shaping up for a massive Bitcoin run in the next few months. Im honestly wondering if we will run away up to $300k USD Bitcoin before a nasty bubble pop. Hold on tight. It's going to be interesting. If any of you are watching the macro economic environment. I'd love to hear some good insight. I'm doing alot of research on this between jobs. But I'm also seeing my business picking up, as we are and engineering service and projects are being phased is at a crazy rate. Companies I'm partnered with are seeing huge demand for services. So, I'll be trying to read up on this between jobs and post findings.
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