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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

Post by Tradinghandson May 13, 2024 11:47am
149 Views
Post# 36036940

Overreaction!

Overreaction!We all knew that the CEO was on his way out so really no surprise there, regardless how earnings come in the company is expanding operation speeding things up so once this blows over and a new CEO is in place which will be positive depending on who they hire Bitfarm will head higher. For all we know another company could come in with an offer to buy Bitfarm out at a premium plus with all the bullish prediction of $100,000+ Bitcoin this blip will be long forgotten. I won't sell but I will add at weakness.
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