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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

Comment by Bludstanon Feb 02, 2024 2:34pm
215 Views
Post# 35860121

RE:RE:RE:Don’t believe the hype they have said this a year ago

RE:RE:RE:Don’t believe the hype they have said this a year ago I do not know what you are smoking KV, but can I have some, it sounds like it's the real thing!

From their March 21st 2023 news
- Expects over 30% increase in hashrate to 6.0 EH/s with existing portfolio by year-end 2023 -
And because this isn't about how one 'feels' about this, the link to the news piece for reference. https://finance.yahoo.com/news/bitfarms-reports-fourth-quarter-full-110000863.html

and from their January 2nd 2024 news item.
- Increases hashrate 44% YOY to 6.5 EH/s at Dec. 31, 2023, exceeding guidance -
and the link for reference: https://finance.yahoo.com/news/bitfarms-earns-446-btc-december-120000058.html

I can't stress this enough.. EXCEEDING GUIDANCE.. And they did this whilst paying off all of their debts (well one more payment next month, then they are debt free) in a very difficult environment where rising interests do not traditionally help industries grow as fast as they would like, with rising inflation, rising mining difficulty and while BTC had dropped by what, 75% from its highest? They are extremely well placed for growth. I don't pump. I just state the facts. There are risks. This is not a sure thing. Your hand might already be full, no one wants all their eggs in the same basket, but the past being the past, from the share price as it stands today, their current health and growth strategy, if you don't see the huge upside potential of this stock, that's ok, its your investment strategy, your retirement, and your financial well being, and the kind of risk associated with this market is really not for everybody, but please please please be factual with your statements and do some research before you post. 

Pending catastrophic market or external influences, I have no doubt that they will this year achieve the 21 EH/s they are targetting. The building to house the servers are already being built and it's just a question of time and they have proven that.. again.. when external influences don't hamper their efforts.. they are able to execute on their guidance and forward looking statements. 

B.
mho

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