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 > Record profitability in the third quarter of 2021 🚀

<< Previous

Bullboard Posts

Next >>

Comment by kurt73on Nov 18, 2021 11:57am

96 Views

Post# 34141193

RE:Record profitability in the third quarter of 2021 🚀

Help an amateur out. Fidelity put out a report that bitcoin could be $1,000,000 in 5 years. Does that mean a miner like bitfarms also goes up 20X or is there potential better returns? Basically is buying bitfarms smarter than the actual coin purchase?

Thanks in advance for any advice

<< Previous

Bullboard Posts

Next >>

These cold weather stocks are looking to heat up for winter