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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

Comment by AlphaJon Jun 02, 2021 12:35pm
72 Views
Post# 33311234

RE:No momentum

RE:No momentumWell bitcoin has no momentum. Slightly more selling pressure then buying by volume and slight uptick in supply on exchanges. technicals are neutral but setiment is still low. I hope for a breakout after this consolitating period but would not be surpirsed by a fakeout drop to 28kish BTC before getting any rebound. Now is the time to practice patience and control. Even if we break upwards it wont confirm a bull market until we hold like 46k for about a week. Be cautious everyone
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