Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by Bludstanon Jan 05, 2024 1:40pm
106 Views
Post# 35812810

RE:Bitcoin down 1% and bitfarms down 7 %

RE:Bitcoin down 1% and bitfarms down 7 % Looking at daily movement may not be the best way to look at it. 

Another Angle:
Jan 2, 2023 BTC = 17091.4$ Jan 5, 2024 BTC = 43474.59$... 254.36% increase

Jan 2, 2023 BTF = .74c.        Jan 5, 2024 BTF = 3.57$         ... 482.43% increase

There are of course multiple other factors affecting share price. I'm just saying that looking at daily movements alone and complaining about it is having a very narrow lense on the pricing of the stock. 

A stock being up 482% is no mean feat, assuming you bought at its lowest. I didn't. I'm sitting at about 330% right now, and that it's up or down .30c today is irrelevant unless I'm thinking of selling today. If you think it's going down and you're thinking of selling, best sell now. If you're thinking it's going up and you're thinking of selling, wait a bit. Not going to advise anyone either way. Complaining about it isn't constructive and adds nothing to the conversation. 

B.
p.s. for the rest of the group, note that when this stock was trading down, KV was very active in the boards about how trashy this stock was. Complete silence when the stock was going up, since September actually he'd said absolutely nothing on the subject and now that it's dipping (adjusting really, this was a VERY good rally but maybe overbought), he's back to his usual antics of posting several times a day to just complain about how trashy it is. If that's not someone with an agenda, I don't know what is, so I wouldn't pay too much attention to him. MHO.

<< Previous
Bullboard Posts
Next >>