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 > 💎 New facility in Argentina 🚀🚀🚀

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Comment by RetireAt45on Oct 07, 2021 9:36pm

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Post# 33987080

RE:💎 New facility in Argentina 🚀🚀🚀

Not saying that the following article is 100% fact but it is worth further investigation, as in this article they state that the cheap energy being provided is NOT GREEN ENERGY....but energy from natural gas...

If this is true, nice that they will have cheap MW power provided, but how will big investors view the NON GREEN side of it....only time will tell....just saying....

https://seekingalpha.com/article/4458389-bitfarms-bitfs-reduced-mining-efficiency-and-our-updated-valuation-framework

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