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.

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Bitfarms Ltd

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Post by zoevans1on Dec 01, 2021 12:13pm

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Post# 34185411

Bitfarms mined over 3,000 Bitcoin in 2021 through November

Bitfarms mined over 3,000 Bitcoin in 2021 through November and increased hash rate 300 Petahash to 2.1 Exahash

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Emiliano Grodzki, CEO and a founder: "Robust miner deliveries and installations continued throughout Nov, driving a 16% increase in our hashrate, which now stands at 2.1 EH/s. We expect all remaining miners scheduled for 2021 delivery to be received in the first half of Dec."