Post by
prospector001 on Feb 06, 2021 12:56pm
BITF Comparison To RIOT
Just trying to do an apples to apples comparison between BITF and RIOT which trades on the Nasdaq at $23.38 per share and has a market cap of some 1.5 billion (American$).
Unless I am missing something is BITF seriously undervalued at this level?
Is it possible that BITF will be uplisted to the Nasdaq?
Take Care All
Comment by
B4UInvest on Feb 06, 2021 1:40pm
Bitfarms had a news release this week, they are Actively Seeking a listing on the NASDAQ https://bitfarms.com/app/uploads/2021/02/2021-02-04_Draft-PR_Corporate-Update_v10b-clean.pdf
Comment by
erfre16 on Feb 06, 2021 2:23pm
Bitfarm is one of the big players, but as long as it isn't on NASDAQ it will always be undervalued. NASDAQ is a must and the next major step
Comment by
krightg9bo on Feb 07, 2021 9:18am
You are right that BITF is undervalued and chances that being on NASDAQ would help adjust the comparaison of apples to apples. Right now, BITF/RIOT ratio is 1 to 6 which. I imagine BITF Executives are aware of it and are working specifically on this initiative to close the gap anywhere between 3.84 and 23.00, but hopefully closer to 23.00 than 3.84.