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Bullboard - Stock Discussion Forum
Bitfarms Ltd
T.BITF
Alternate Symbol(s):
BITF
Technology
Software - Application
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...
Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.
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TSX:BITF - Post Discussion
Bitfarms Ltd
> Bitfarms purchased 1,000 BTC
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•••
zoevans1
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Post by
zoevans1
on Jan 10, 2022 7:27am
Bitfarms purchased 1,000 BTC
During the first week of January 2022, Bitfarms purchased 1,000 BTC for US$43.2 million. This increased the BTC holdings 30% to over 4,300 as of January 10, 2022
https://www.globenewswire.com/news-release/2022/01/10/2363804/0/en/Bitfarms-Buys-1-000-Bitcoin.html
(4)
•••
bufordpusser
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Comment by
bufordpusser
on Jan 10, 2022 7:56am
shareholders need to call out management on this move,,,,,,,,,,,,,,,,,that $43.2 million in treasury belonged to shareholders and was easily identified in the financials.................
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