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.

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Bitfarms Ltd

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Post by zoevans1on Jul 29, 2022 3:38pm

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Post# 34861002

🔜 "Reach our 4 EH/s goal in early August"

Geoff Morphy, Bitfarms President and COO: "This past week, we have been selectively redeploying some mining assets while continuing to bring new miners online. We expect to experience a more gradual increase in our hashrate and reach our 4 EH/s goal in early August."

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