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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 mrmomoon Jun 10, 2024 10:05am
134 Views
Post# 36080708

RE:Going 100% HoStile TO?

RE:Going 100% HoStile TO?Let the GAMES.....& FUN begin.......!!!! Looks like S farms has moved their Queen onto the board, out into play & checked Riot's move.......

And therefore..... BItfarms has gone ahead and adopted a "Poison Pill" plan to discourage Riot mgmt from accumulating further interest in the company, beyond whatthey already have... or to drop the idea alltogether........

Hopefully for me as a Riot s/h....this is WONDERFULLY GREAT news!!!!......and i HOPE this is enough to kill this crazy, dumb & expensive idea to TO SFarms........and to deter Riot mgmt from forging ahead....and hopefully force them to go back to logical reasoning, by build the company up through sound fundamentals & a strong BS..........not this BS

This would be my hope.......BUT.......I have a bad feeling that Riot has ALREADY ANTICIPATED this move from SFarms.....and therefore....will probably continue acccumulating to 15% & most likely counter with another move of their own.........

......And someone will get MATED ....evetually.....on this chess match......

Go Sfarms ...Go !!!! LOL....I'll be rooting for you guys.........for sure...... lol!

https://finance.yahoo.com/news/bitfarms-announces-adoption-shareholder-rights-100000804.html


GLTA

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