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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

Comment by BrITeChOIceswiNon Nov 08, 2021 9:43pm
173 Views
Post# 34103040

RE:How is Mara up 12$ a share today ???

RE:How is Mara up 12$ a share today ???MARA is not quite the same as BITF:
MARA has 7500 Bitcoin to BITF's 2646.
MARA plans to have 8 EH/s by March to BITF's 3 EH/s by then.
MARA plans to have 13.3 EH/s by the end off 2022 to BITF's 8 EH/s.


That being said, BITF is kicking a$$ in earning the most Bitcoin per 1 EH/s compared to MARA, RIOT, and HUT.  Also I think they mined more Bitcoin than HUT did in October. 

BITF could pass RIOT's daily Bitcoin production and HUT's Bitcoin treasury - if they maintain their mining efficiency over them into mid 2022.  
  
Bottom line is that BITF is still very undervalued.  They'll have have the same hash rate as RIOT by end of next year and close to the same Bitcoin.

Fair value comparison based on the other 3 current holdings, hash rate, and mining efficiency =  BITF should be @ $15 now.

By March, fair value should be about the same as RIOT's market cap at that time and by the end of 2022 around half the market cap of what MARA's is by that time.  

BITF definitely has most upside compared to the other 3.

All the best





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