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Bullboard - Stock Discussion Forum
Bitfarms Ltd
T.BITF
Alternate Symbol(s):
BITF
Financial Services
Cryptocurrency
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
> Direction 25,000$
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•••
sylvain_007
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Post by
sylvain_007
on Jan 29, 2023 10:58am
Direction 25,000$
so i suppose the price will rise too. Actually it is jammed and no one understand the reason. Potential is here and 2 $ very possible.
(31)
•••
Bludstan
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Comment by
Bludstan
on Jan 29, 2023 2:22pm
Re: BITF price should be higher. The last time BTC was around 23k was Aug 2022 and at the time, BITF was trading roughly 25-30c higher (CDN). Since then, they've repeatedly sold all their monthly farmed BTC and depleted their banked BTCs to pay down debt and restructure. Having less debt is good. Having less BTC in the bank is bad. Yes, they've increased hash rate, but difficulty has
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