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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 > Amendment to (or amended) preliminary short form prospectus
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Comment by RetireAt45on Jun 15, 2021 1:21pm
138 Views
Post# 33389149

RE:RE:RE:Amendment to (or amended) preliminary short form prospectus

RE:RE:RE:Amendment to (or amended) preliminary short form prospectus Share count end of DEC 2020            just over 85.1M

Share count end of MAR 2021           almost 124M   (almost a 46% increase)

Share count by the time the prospectus is filled        ??????    

Share count dilution could become problematic for a company that is unable to show that they can turn a profit.....

Just saying....

45
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