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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 > Amendment to (or amended) preliminary short form prospectus
View:
Post by dload7 on Jun 15, 2021 9:25am

Amendment to (or amended) preliminary short form prospectus

https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00046249&issuerType=03&projectNo=03186538&docId=4987305

Something was posted on SEDAR for BITF on June 14, 2021 (i.e. yesterday)

"
This amended and restated preliminary short form base shelf prospectus relates to the offering for sale from time to time, during the 25-month period commencing March 12, 2021, that this prospectus, including any amendments hereto, remains effective, of the securities of Bitfarms Ltd. (the “Company”, “Bitfarms”, “we” or “our”) listed above in one or more series or issuances, with a total offering price of such securities, in the aggregate, of up to US$500,000,000 (or the equivalent thereof in Canadian dollars or one or more foreign currencies or composite currencies). The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement.
"

I checked the one filed on March 12, 2021 @ https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00046249&issuerType=03&projectNo=03186538&docId=4909567

"
This preliminary short form base shelf prospectus relates to the offering for sale from time to time, during the 25-month period that this prospectus, including any amendments hereto, remains effective, of the securities of Bitfarms Ltd. (the “Company”, “Bitfarms”, “we” or “our”) listed above in one or more series or issuances, with a total offering price of such securities, in the aggregate, of up to US$250,000,000 (or the equivalent thereof in Canadian dollars or one or more foreign currencies or composite currencies). The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement.
"
Comment by AlphaJ on Jun 15, 2021 9:30am
What does this mean?
Comment by Endeavour51 on Jun 15, 2021 10:40am
It potentially means they can offer twice as much dollar value in public offerings. This could mean more dilution. 75 MIL OF ORIGINAL 250 MIL HAS BEEN DONE. Now it's only 75 mil of 500mil. However that might not mean more dilution than in March. We don't know what the share price offer will be in future. Just as an example: 250 million at 5.00 per share means 50 million new shares of ...more  
Comment by RetireAt45 on Jun 15, 2021 1:21pm
Share count end of DEC 2020            just over 85.1M Share count end of MAR 2021           almost 124M   (almost a 46% increase) Share count by the time the prospectus is filled        ??????     Share count dilution could become problematic for a company that is unable to show that they ...more  
Comment by AlphaJ on Jun 15, 2021 4:28pm
That didn't stop you from holding hive which is the most diluted crypto miner period. Your point is stupid as usual
Comment by RealityCheck123 on Jun 15, 2021 2:15pm
Is this mark6631?
Comment by NumbNutss on Jun 16, 2021 11:41am
Wow shocker that AlphaJ doesn't know what a SFP is, what a brilliant investor he is. I told you all the previous PP Bitfarms did would not be the last. This company still has zero profit so they are left with no choice but to continue to dilute. Expect another massive PP within the next month or two possibly sooner as the growing pains will be felt here. Good luck with that! "What idiots ...more  
Comment by NICKMAN on Jun 17, 2021 9:09am
Alpha/Bacon are morons. They know nothing. Do NOT take advice from either of these idiots. See you on the Nasdaq losers.....
Comment by AlphaJ on Jun 17, 2021 9:12am
I think you need therapy. Your way too emotional. Hive guys think once you buy a company, you can't sell and buy other companies in like 10 seconds. Lol
Comment by bullFire on Jun 17, 2021 9:55am
lmfaoooo are you surprised ? He's a rooook
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