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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 Humaniston Jun 13, 2024 11:56pm
191 Views
Post# 36088533

RIOT PLANS TO APPOINT DIRECTORS TO THE BOD of BITF

RIOT PLANS TO APPOINT DIRECTORS TO THE BOD of BITF

if they do thats a good thing, because prior to the ceo or cfo I cant remember of bitf , there was a lot of discussion about bitf management in a negative light and not having shareholders interest at heart. so having directors from riot will be agood thingbecasue they own enough of BITF. either way it looks like riot & bitf will be connected 
from the NR BELOW... 

"Riot currently intends to requisition a special meeting of the Company’s shareholders, at which Riot intends to nominate several well-qualified and independent directors to join the Company’s board of directors (the “Board”), which follows from Riot’s serious concerns regarding the Board’s track record of poor corporate governance."

 
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