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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
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Post by kidderpeabodyon Oct 25, 2024 5:31pm
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Post# 36282812

Earnings Nov 12th

Earnings Nov 12thI just took a quick at the balance sheet.

Besides the size of the loss from q1 compared to q2 these items stood out.
 
q2 2024 Weighted average number of common shares outstanding Basic and diluted 401,239,000
 
q1 2024 Weighted average number of common shares outstanding Basic and diluted 338,745,000
 
q2 2024 Accumulated deficit (315,739) (Expressed in thousands of U.S. dollars - unaudited)
 
q2 2024 Accumulated deficit (293,406) (Expressed in thousands of U.S. dollars - unaudited)
 

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