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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Financial Services Cryptocurrency
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 > Bitfarms scales back growth for 2022 bad news
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Comment by Bludstanon May 18, 2022 7:04pm
85 Views
Post# 34693987

RE:Bitfarms scales back growth for 2022 bad news

RE:Bitfarms scales back growth for 2022 bad news Where you getting your info? I must have missed something? 

From their May 16th release:

"Opportunities are being evaluated and others will be assessed in Bitfarms’ effort to provide the additional infrastructure and mining hardware to reach the Company’s 8.0 EH/s goal by the end of 2022." 

i..e seems as of a few days ago they're still on the path to 8.0 by end of year? Would love to read through your source material?

Thanks,
B



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