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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 mrmomoon Jun 17, 2024 7:49am
334 Views
Post# 36091679

Predictions & thoughts for the week.........

Predictions & thoughts for the week.........After what occurred last week, after record breaking trading volumes for SFarms.....AND Riot's failure or unwillingness to accumulate BEYOND the 15% threshold, which will be likely confirmed by tomorrow btw, more or less indicates to me that Riot mgmt DOES NOT want to trigger the so called "Poison Pill"....or prefers for that to NOT be a factor in this battle for control..

Are they still interested? Sure.....yeah....for NOW.... it seems so! But to what point & at what cost? As previosuly mentioendby me in my last post, it seems Riot MAY HAVE shifted tactics to circumvent the "Poison Pill" issue....and MAY HAVE an ally in it's midst in their pursuit to acquire SFarms. If my analays is accurate & this is so, we will know by the end of THIS week. If it's NOT, then all bets are off & everything is up in the air.....and it's anyone's guess where this could go....or land.



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