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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 16, 2024 10:19pm
73 Views
Post# 36316870

Musk keeps pumping Bitcoin for the US

Musk keeps pumping Bitcoin for the US Musk and Trump probably bought into Bitcoin and Musk is putting the fear into everyone saying that the US will go bankrupt we need to buy into Bitcoin just like a ponzi scheme, If the US does go crypto they need to make their own but wouldn't it be great if Musk has the US load up on Bitcoin then countries like China, Iran, Russia, North Korea all decide one day to pull out all their money and the US would be holding worthless Bitcoin, I surely wouldnt want to be buying into Bitcoin at the high end so that earlier investors can pull out. I'll stick with the strong USD, Gold, Silver, Platinum or any other "tangible" means. One day AI will erase Bitcion. Meanwhile this marketcap is at a risky level.
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