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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 > Cheap Again!
View:
Post by E17 on Apr 23, 2021 12:42pm

Cheap Again!

If bitcoin recovers, this will still see 10 bucks and over.

Current BITF HODL approaching 800 btc = 40m bucks and enough cash as well to support current operations and expansion.

Constantly adding processing power / hashrate, soon be mining 10 coins daily at say $40k mining margin = $146m per annum mining profit, take your other costs outta that, let's say $50m bottom line conservative.

All that for USD 290m mkt cap...6 x EPS for a growth company.

Out of favour and undervalued is my view.
Comment by ottov77 on Apr 23, 2021 12:52pm
BITC always recovers and yes you will be fine. 
Comment by ottov77 on Apr 23, 2021 4:22pm
Another media driven FUD crypto storm in a teacup...... prob be back to 55 000 by Monday. 
Comment by AlphaJ on Apr 23, 2021 8:44pm
ATH by May. NASDAQ FOR BITF BY JULY. THIS IS AN EASY 10 BANGER BY END OF SUMMER!!
Comment by bullFire on Apr 24, 2021 8:58am
Wow excellent facts and analysis here.  quote=AlphaJ] ATH by May. NASDAQ FOR BITF BY JULY. THIS IS AN EASY 10 BANGER BY END OF SUMMER!![/quote]  
Comment by AlphaJ on Apr 24, 2021 12:12pm
Since when do you care about analyzing anything. I post credible data regularly authored by etheruem developer but you only care about data that supports your feelings. You ignore the lost credible data. But hey, let's put it into perspective. Bitf is the largest miner in North america with the lowest cost to mine butcoin of any other miner providing them with the best gross margin on the ...more  
Comment by AlphaJ on Apr 24, 2021 12:16pm
sorry correction hive is about to lose 50% of the etheruem revenue which is about 40-45% of their overall revenue.
Comment by AlphaJ on Apr 24, 2021 12:18pm
also to add. April will be the first red candle month in 6 months? Analsts are saying this could be the base konth for the next big rally. We should see green months for the next 2-3 months.
Comment by AlphaJ on Apr 24, 2021 12:20pm
also note. April 29th is a big day as the SEC has a ETF to approve of disapprove. If they approve an etf on April 29th. This could be a big catalyst for all miners.
Comment by bullFire on Apr 26, 2021 7:58pm
PUMP IT AND DUMMMP IT!!!  quote=AlphaJ] also to add. April will be the first red candle month in 6 months? Analsts are saying this could be the base konth for the next big rally. We should see green months for the next 2-3 months.[/quote]  
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