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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 > Still like the stock
View:
Post by Dateraider on Apr 20, 2021 11:32am

Still like the stock

May not be performing stellar due to FUD, but production is king and they produce great volume at half the cost of some of their comparable competitors. Never thought I would be getting more shares at this price again but someone keeps giving them to me! Lol GLTA
Comment by bidoux67 on Apr 20, 2021 12:22pm
I still like this stock as well and believe BTC will move up and down but will trend to much higher places this year. BITF will def follow that trend as well! Patience. Glta
Comment by Barrhead on Apr 20, 2021 12:51pm
Yes BITF has some tremendous income potential, but to move to Argentina? That beats me on that decision. Alberta has some of the largest reserves of stranded natural gas in North America, and making a deal with some of Canadian based companies to buy and use it for mining makes sense; I call it gas to wire technology, and has been in use instead of selling nautral gas down a pipeline for next to ...more  
Comment by stocksheriff on Apr 20, 2021 1:00pm
Maybe management is anti-Alberta like the rest of quebec. But everything will be OK until Argentina nationalizes there operation.
Comment by Dateraider on Apr 20, 2021 1:06pm
True, but as a company you have to go where the money is. I see cost savings in sprung tent structures over completely weather proofed buildings in the harsh northern climate beyond the cheap electricity, meaning a fast commission time. Very likely high subsidies to be had from the Canadian government particularly in Quebec. I'm no fan of the inherent risk of the locked in 8 year price window ...more  
Comment by Barrhead on Apr 20, 2021 1:28pm
Cost effective analysis is one thing, but also putting Canadians to work to support our teachers and nurses is more important from my prespective. I am certain the the Ontario Teachers or Nurses Pension Fund would sooner support a Canadian based company, and investing in their communities. HUT is using their older miners in the Drumheller and Medicine Hat regions to their company's benefit ...more  
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