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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 24, 2024 10:48am
201 Views
Post# 36103204

And The Saga continues......!!!

And The Saga continues......!!!There you have  it folks......AND .......as predicted by yours truly!......Riot has finally shown it's REAL hand &  intentions......

https://finance.yahoo.com/news/riot-requisitions-special-meeting-bitfarms-123000590.html

And then question now is......does  this have ANY chances of happening & will this actually work?Can Riot actually "turnover" SFarms BOD.......?

ImHO......Propably not......But who really knows.?......Where this will end up?

Now......AFTER this "expected" move on Riot's behalf......THE GAME BALL is in SFarms's court....and i guess we'll see HOW they will react and what counter mearures they will attmept to put up..........to derail Riot's attempt shoft the BOD in their favor........

So get your popcorn ready......this should get interesting.......!

Personally....I'm kinda of disappointed this hasn't died on the vine yet and Riot is still pushing ahead with futile & crazy stupid endeavor.........but there's not much Riot s/h can do at this point apart from dumping their shares and moving on.........to other investments....

So i willcontnue to hold on to my Riot sharesand SEE how this plays out.........The stock is still rock bottom cheap and should Bitcoin regain it's mojo and head higher past 75K....along with the hope Riot makes SOME progress on their own operations by FIXING some of their "problematic" issues........then this could EASILY double from here.......without much effort.....

GLTA





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