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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

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Post by Tradinghandson Nov 14, 2024 6:03pm
53 Views
Post# 36313783

I have little faith in Bitcoin

I have little faith in BitcoinSooner or later the inflow of cash will dry up and the hype will die. Bitcoin is a ponzi scheme to me and the whales will start unloading. How do you invest in something that has mood swings of thousands of dollars. The US economy could be in trouble if inflation starts creeping higher and once the FED says that its ending rate cuts this party is over. The markets have rallied hard off Trump but nothing has changed just a ballooning overvalued market. I have zero faith in Trump I feel that he will butcher this economy with his big head. I'm Dutch and we always had a saying that fits Trump perfect. "Wooden head, Wooden shoes, Wooden listen" BITF is overvalued too after their earning release.
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