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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Technology Software - Application
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

Bitfarms Ltd > Worrying signs moving forward
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Post by Tradinghandson Aug 08, 2024 6:49pm
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Post# 36170412

Worrying signs moving forward

Worrying signs moving forward78% of US households living paycheck to paycheck means that there's still a recession in sight as people slow down spending plus if Oil starts to rise too high it will push inflation higher so all this cork popping could be short-lived. Not trying to be negative but I have traded through market crashes starting in the 1980s. There's a lot of turmoil underneath these markets. Let's hope for the best and prepare for the worst. Today was a good day and Fridays are always a hit-and-miss going into the weekend which could set the tone for Monday. GLTA

U.S. consumers rack up record $1.14 trillion in credit card debt (msn.com)

Majority of Americans Live Paycheck To Paycheck – Forbes Advisor

Bankruptcy Filings Rise 16.2 Percent | United States Courts (uscourts.gov)
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