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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 May 05, 2024 10:05pm
78 Views
Post# 36024262

RE:Surpized Bitcoin recovered

RE:Surpized Bitcoin recoveredcorrection, halving HAS affected all miners, past tense. The correction began way before the halving event itself and we were sitting close to 5$ only a few months ago and as the halving neared and the price stayed stable-ish, historically speaking, the share price started to shrink. We're.. well.. about halfway down from that high now. Coincidence? I think not. The current share price has already priced in the halving event. What will move this share price up (in my humble opinion, or down if these 2 events don't happen) is reaching 21 EHS as soon as freakin' possible, and the anticipated adjustment to the price of bitcoin in the coming year to reflect the new mining difficulty. 

Of note, at this price, they're not selling all their newly minted monthly BTC, and they are profitable. 

B.

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