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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 > BITF has resistance
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Comment by HaulJockeyon Oct 16, 2024 9:48am
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Post# 36267940

RE:RE:BITF has resistance

RE:RE:BITF has resistance
kidderpeabody wrote: Bitcoin is suppose to have a limit of 21 million. This isn't a a mathematical calculation and can be changed. There are many red flags about Bitcoin including the fact that no one has come forward to claim they created it. I am willing to bet this Bitcoin goes to $1000 before it goes to 100 thousand as many are predicting. It would be different if Bitcoin had a use but it does not. It was once touted as having the ability not to be traced, that is no longer the case. 


Try this. Bitcoin was created to build the infrastucture for A.I. The coin was and is, the reward for building the A.I. network. Every continent, every state, province, territory in every language, connected to everything.

If you haven't heard that miners are being built to run A.I., you've been living in a cave. If and when "coins" are depleted, or almost unobtainable due to cost to aquire, what do you think all those miners will be used for?

Bitcoin IS A.I.

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