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 Nov 04, 2024 10:03am

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Post# 36295083

The facts, you decide.

24 million $ loss last quarter.

Accumulated deficit 315 million.

Shares Outstanding 459.24M

Bitcoin mined October 2024 - 236.

Bitcoin mined October 2023 - 398

Now add in the costs of supplying all those miners to their competition which will be on the next balance sheet.

You won't want to be holding this stock after the next earnings report or the one after that.

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