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

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Bitfarms Ltd > You guys pump hard doesn’t matter what bitfatms does

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Post by keithvictoria41 on Jan 12, 2022 11:18am

You guys pump hard doesn’t matter what bitfatms does

All that matters is bitcoin price

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Comment by Trademan911 on Jan 12, 2022 1:22pm

That makes no sense Keithv. Yes...it does come down to BTC price...but more BTC mined = more $$$! More than doubling production by the end of 2022 is huge. If BITF mines an average of 15 BTC/day...even if BTC drops to $35k, that is still pure pofit of almost $66 million over the year...that is based on a cost of $23k per coin mined. Cost per coin will however go down as the company has been ...more

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Comment by Singoa58 on Jan 14, 2022 6:17am

Finally someone with a brain on board.... bitcoin remain bearish through at least 2022 and with a 15,000 btc price butthurt will trade around 40-60 cents at most period

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