Post by
bufordpusser on Jan 26, 2021 7:30pm
bitfarms vs hut
New to crypto mining but not new to reading balance sheets of conventional gold mining companies. Unless I am missing something, BITF has by far supior balance sheet.
BIT FARMS Accumulated deficit (16,771,000)
HUT8 Accumulated deficit (142,879,169)
BIT FARMS TOTAL CURRENT LIABILITIES 15,398,000
HUT8 TOTAL CURRENT LIABILITIES 31,096,944
BIT FARMS 45.52%% of Shares Held by All Insider
BIT FARMS q3 2020 Mined 535 Bitcoins
Bitfarms by far the best of 4 crypto miners I looked at. I do like the insider holdings and the management team appears to be top notch.
Comment by
erfre16 on Jan 26, 2021 7:36pm
If you enter in crypto now, the logical choice is BITF It's the cheapest and more potential than all other miners The only issue now is if Hydro-Quebec keep the price of electricity at a low rate for BITF...