RE:Is BITF Undervalued Compared To It's Peers?
Yes, Bitfarms is way undervalued, and it's because of the $500 million ATM hanging over their heads, retail shareholders who hold 70% of the company feel they are being screwed under threat of massive dilution, the company has been very quiet on the ATM program, if they don't address it come Q3 earnings, they could be setting up the perfect conditions where a company like Mara or Riot could launch a hostile takeover bid