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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 Cen5or5hip5uX5on Dec 23, 2024 3:38pm
89 Views
Post# 36375498

Another garbage miner.....

Another garbage miner.....To avoid. This miner along with DMG and many others, are badly managed Bitcoin miners to completely avoid!

That's if you want to make money in this sector.

If you don't like making money or profits then by all means keep buying/holding *rappy miners like this one & DMG.

Bitfarms is probably one of the most if not THE most overrated miners among ALL the miners. A very badly managed & overpriced miner who's time has finally come to an end.

And the final nail in the coffin for the company, was the totally ludicruous buyout of a horrible miner like Stronghold, a horrendous miner who's even worse than them.

How much longer does BITF have before they run out of options & into some serious liquidity issues? I mean sure, they can probably keep on diluting the company to death at these levels with non stop ridiculous ATM's at a buck & change, but for how long before it eventually breaks the camel's back?

As i told the folks or investors on the DMG forum, do you want to avoid further losses & actually make some serious money? Then sell this too, as i told the DMG guys to sell that dumpster fire and buy into a more viable & efficient miner, one who will come out as one of the big winners after the storm has passed!

And to find out who that is that i'm referring to, you'll just have to do some leg work & read more of my past 'wise' commments.

But for starters, you can start by selling this garbage of a company/stoock. And if you can't even do that, then don't bother with the rest. And just keep on enjoying your huge losses until you go downwith the ship and you've lost everything.



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