I see this trading much higher very soonPeople seem to be upset about the financing, I dont think it's going to be anything to hold this back. People are looking for exposure to crypto and this will continue to get interest.
As bitcoin moves in new all time highs the miners are going to get special attention after the halving.
yes their coins are chopped in half but the price of bitcoin is going to be likely more than double what this company has been getting per bitcoin so it'll be a net gain.
Also there's only so many miners around and with bitcoin becoming more and more scarce.. I think you're going to have some very big pockets looking to buy up miners so they can get that 300 per month to themselves.
You have guys like Michael Saylor raising 750 million just to buy bitcoin. Why wouldn't others buy up miners instead? pay the premium on a company like bitfarms, and you're getting 3600 bitcoin a year.
If the 2030 projections of 500k-1M come anywhere close that 3600 a year is 1.8-3.6 billion. Doesn't take much to see the potential.
the 375M offering will allow them to expand and reduce energy cost and make the company stronger longer term.
I agree it sucks for those that bought it at the 5.00+ highs but i dont think it'll be too long before this is back there and then much higher.
This bitcoin story is just getting started in this cycle.
Demand >>>>>>> supply
We know what that means for things.