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 > What do the big miners communicate?

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Comment by BrITeChOIceswiNon Nov 03, 2021 9:02pm

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Post# 34084894

RE:What do the big miners communicate?

Interesting! That's why their hash rate to Bitcoin production ratio doesn't match up to each other - HUT was much closer. Basically chalked it up as MARA and RIOT constantly installing new miners on a daily basis and thus hash rate constantly changing.

Could be that MARA and RIOT are having cooling issues and thus can't operate at maximum capacity - RIOT recently announced that they're going to be using immersion cooling on a large scale.

Definitely more strong reasoning that indicates BITF is very undervalued.

All the best

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