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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

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Post by Paray99on May 09, 2024 11:43pm
117 Views
Post# 36032780

BITF is a dead story now…

BITF is a dead story now…

Don't invest in crypto minors anymore, at least anytime soon. 

we might not see much revenue coming in going forward and that will affect miners growth big time... 
So, this stock price can really go back to Pennie's.... be very careful. 

Even if Bitcoin hit $100,000, which is not going to happen, the miners will settle at the floor...
high bitcoin price predicted by Saylor and Wood is too childish fancy... I wonder how they reach their current position to manage huge funds..... Some luck!

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