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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
> Surpized Bitcoin recovered
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•••
Tradinghands
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Post by
Tradinghands
on May 04, 2024 9:23pm
Surpized Bitcoin recovered
But halving will affect all miners so BITF will see downside so don't chase it.
(28)
•••
Bludstan
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Comment by
Bludstan
on May 05, 2024 10:05pm
correction, halving HAS affected all miners, past tense. The correction began way before the halving event itself and we were sitting close to 5$ only a few months ago and as the halving neared and the price stayed stable-ish, historically speaking, the share price started to shrink. We're.. well.. about halfway down from that high now. Coincidence? I think not. The current share price has
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