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Bullboard - Stock Discussion Forum 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... see more

TSX:BITF - Post Discussion

Bitfarms Ltd > Who said this year they have 500 bitcoin
View:
Post by sylvain_007 on Apr 14, 2021 3:17pm

Who said this year they have 500 bitcoin

If it' s the truth, they are in a good position. Iread some articles and this company is in second position Back to HUT.
Comment by NumbNutss on Apr 14, 2021 3:26pm
There is conflicting statements everywhere with this company, there are documents saying they hodled 489 btc end of 2020 and documents saying they had zero btc on hand. Regardless of the number, its clear hodling is not apart of their strategy as they mined just over 3000 btc in 2020, so if 489 is all they have to show for it, that is NOT GOOD.
Comment by remyken1509 on Apr 14, 2021 3:35pm
Good afternoon to be clear -I own bitfarms and I am bleeding like you guys as well- I am just confused and certained by what I am reading and my point for sharing this was to get some conversation going According to audited financial statements, p-44. The # of bitcoins mined in 2020 was 3014 My comment was in regard of this PR statement: BITF.V 5.59 -0.63 -10.13% : Bitfarms Ltd. - Yahoo ...more  
Comment by ThePower on Apr 14, 2021 4:21pm
End of the quarter, which means Q1. They literally said they were doing a holding program in 2021. The report was on Q4, but the statement was Q1 2021.
Comment by B4UInvest on Apr 14, 2021 4:43pm
    https://finance.yahoo.com/news/bitfarms-announces-installed-hashrate-1-110000249.html Bitfarms Ltd. March 24, 2021       TORONTO and BROSSARD, Qubec, March 24, 2021 (GLOBE NEWSWIRE) -- Bitfarms ...more  
Comment by B4UInvest on Apr 14, 2021 4:46pm
489 Bitcoins hodl on March 23 and adding 8 per day
Comment by B4UInvest on Apr 14, 2021 4:50pm
Which means they should have 657 bitcoins hodl as of today
Comment by B4UInvest on Apr 14, 2021 4:56pm
Which means that as of this moment they have $40,848,000 worth of btc in storage
Comment by AlphaJ on Apr 14, 2021 5:05pm
They won't hodl 9 per day. Some has to be sold to pay bills..
Comment by whodiligence on Apr 14, 2021 4:54pm
"With Bitcoin prices recently surpassing $60,000 and with over 500 Bitcoin in inventory by the end of the quarter, our financial position has never been stronger, and we are very excited about our prospects for the future.” Bitfarms CEO March 25th looking forward to those end of quarter numbers I guess
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