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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Technology Software - Application
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

Bitfarms Ltd
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Post by JJ2351on May 10, 2024 6:41pm
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Post# 36034674

Selloff was needed

Selloff was neededAfter hitting record highs the tree needed shaking for bitcoin this selloff was needed to rid bitcoin of weaker hands and consolidate which will add to the strength of bitcoin going forward plus bitfarm has earning release Monday morning hopefully bitcoin is up and revenue come in strong. I'm bullish on bitcoin long term with bitfarm adding to its infrastructure.
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