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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

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Post by sthineion Apr 05, 2022 12:37pm
212 Views
Post# 34577158

Marathon Downgraded today

Marathon Downgraded today
Dragging others down as well.  Bitcoin not helping.

Analyst commentary also put pressure on shares of Marathon Digital (MARA). The stock dropped almost 7% after B.Riley cut its price target on the Bitcoin miner based on delays in deployment caused by regulatory red tape.
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