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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 zoevans1on Jun 16, 2022 8:43am
123 Views
Post# 34760683

Bitfarms knows how to survive the bear

Bitfarms knows how to survive the bear

If BTC remains at this level or lower many miners and especially independents or small players will be forced to shut off their machines. The beauty of the Bitcoin network is that it will adjust during down markets as competition wanes.

Bitfarms knows how to survive the bear and could become the beneficiary when or if hash declines. Bitfarms in my view and I’ve stated this time and again is singly the best operational miner. If Bitcoin survives so does Bitfarms and those who hold will be rewarded.

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