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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

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Post by CatchHatch21on Oct 07, 2021 8:25am
170 Views
Post# 33978954

Contemporary Financial Breakthroughs

Contemporary Financial Breakthroughs
Sponsored post
 
If the U.S. adapts  these other sectors financial technology, it might work as an alternative to cash but could also have the built-in advantage of quick money transfer since it’s electronic. Another, this technology could also have the potential to revolutionize the way people manage money because this invention, which could be available in electronic form, might also prompt global financial institutions to explore how state virtual currencies and fintech could function. Moreover, these innovative Fintech subsidiaries of these sector were said to have disrupted China’s roughly $25 Trillion lending industry.
 
In addition, other private sector players might innovate above of it and possibly add fees, but that could be fleshed out more.Also, it was said that these sectors are  one of those rare lendeing industriesthat could be at the forefront of not only changing finance, but changing the world. Check disclaimer on profile and landing page. 
 
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