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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 Bludstanon Jun 29, 2024 8:42pm
162 Views
Post# 36112392

RE:RE:And The Saga continues......!!!

RE:RE:And The Saga continues......!!!"This has seriously damaged the stock, meaning Riot's that is, and will take some time for it to recoup long after this disaster is over & done with."

So these points:
- RIOT stock dilution over the years 47M in 2020 to 288M today
- RIOT BOD receiving 
- a higher risk rating from ISS
- .4/10 (no, not 4... POINT 4) score for board accountability from Glass Lews & co. (never mind the shady way they do business to actually earn that score) 
Don't bother you as far as RIOT's image is concerned? It'll take a lot longer for investors to trust RIOT because of these non Bitfarms related pre-existing issues. When RIOT realizes its failed in its hostile TO bid and sells its shares, it'll actually have made a profit (if today's price continues, and minus legal fees if they try that silly tactic). This TO bid won't damage their 'reputation', such as it is, but there are plenty of other factors that do. Mind you I'm not talking about Bitfarms, for one, they have their own share dilution issue, but for RIOT, I find your statement ostrich-head-in-the-sand-ish.

MHO
B.
 
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