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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 mjt2020on Jun 12, 2021 2:01pm
137 Views
Post# 33377984

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nasdaq listing

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nasdaq listing Thanks for the great insights.   Much appreciated.   In a snapshot, at this moment, HUT has less dillution even with the placement and has mined about 4 times as many coins as BITF.    However, I totally agree that BITF seems to have the more promising future because they are running a much more streamlined mining operation.   HUT can turn that around but there is some inertia to overcome and some investment to be made for things to happen.   If they're complacent, definitely BITF looks like the long term winner between the two.    

Yes, Etherium 2.0 doesn't bode well for HIVE.   I'm somewhat new to them and need to do some reading on how much they are entrenced in Ether...  i.e. are they heavily invested in ASIC mining hardware which is hard to refactor to mine other things.    The long term plan is definitely fuzzy with HIVE.

Again, really appreciate your thoughts and comments!
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