Bitfarms Ltd T.BITF

Going 100% HoStile TO?

[mrmomo]

On Bitfarm's behind? LOL

This is getting interesting.......After yesterday's news that Riot mgmt has further increased their holdings of BitFarms to ~10% from ~9% a day before, this may set up one of those rarely seen Hostile TO's which were common place in the 80's & 90's .........So let's see if AFTER today... Riot's share of BitF increases .....again!

As a Riot s/h........ i totally disagree 100% with what Riot mgmt is attempting here, as i believe they are overpaying for subpar assets AND they could do for much less themselves. So the whole MO behind this idiotic move......is VERY questionable imo and would definitely make me reassess my investment in Riot itself.....later down the road. If they truly wanted/needed to expand operations, imo there are much better ways, more cost effecitve & efficient ways than dishing out all this cash for an overbloated, mismanaged, subpar pig like S Farms.

And for the dedicated, loyal Bitfarms s/h on here who THINK this a lowball offer and they could get north of $3 bucks......You guys are all delusional & fooliing yourselves if you think that'sreally the case. No one....and i mean NO ONE is going to give/buyout S Farms at those insane levels. And if you need to ask why or don't know.......then you should NOT be invested in this sector...

All i will say is the folllowing......there are solid, valid reasons WHY there haven't been almost ANY mergers or acquisitions in this sector over the past 7/8 years. Why you ask? Because most the equipement these guys have/get goes obsolete in about 3 years AND the organic buildout costs to achieve the same goal.....are that much CHEAPER. You don't need to buyout anyone when you can get the same....and much more newer & powerful rigs for less than buying out someone else!!!!

So WHY is Riot doing thisdumb (imo) move? Honestly.... IF i had to guess.....They probably need to hit certain goals/acheivements/objectives THIS year (and maybe early next year) for some lucrative bonuses to kick in. And so timing is of the essence......because they probably know they won't do it .....organically. So they come up with this bright idea of Taking Over somone like Bitfarms. But if that's the case, imo, they had much better options that S Farms......

And i can only hope it falls completely though and ends up as an utter failure.....so we (Riot that is!) can get back on track with our main goals in a more cost effective & efficient manner. Not this BS........

GLTA

[TOCKY8008]

Man, You wrote 30 or so, lines of opinions and total BS. Why don't you listen to two savvy and erudite people on Bitcoin mining, discussing the RIOT's proposal and come back with your, hopefully,new opinion again. Here the Link :RIOT's PROPOSAL TOCKY

[mrmomo]

Tocky8008 wrote: "Man, You wrote 30 or so, lines of opinions and total BS." BS? LOL...........Part of it may be opinion,but its opinion basedon slid facts & fundamentals! You must be brand spankin' new around these parts.....& this sector. But THAT was hilarious to read & very entertaining....at the very least. Better watchout WHO you call out & picks fights with on

[TOCKY8008]

mrmomo, I looked at your profile and posts after my previous post Now, obviously you did not care to listen to the video,and inform yourself further. .And from your longwinded answer disparaging me and my choices, it's obviously not worth my time engaging you any further. Ciao TOCKY8008

[mrmomo]

Just a heads up for investors here........ As expected......... the numbers for MAY 2024(and going forward btw !!!) wil lbe brutal for Bitcoin miners POST Halving.......as seen & reported By Bitfarms today.....and i 'im 100% certain it will be the same story for the others reporting their own results in the coming days.... https://finance.yahoo.com/news/bitfarms-provides-may-2024

[TOCKY8008]

mrmomo, could you in a few lines elaborate on  "..SIZE requirement, sniff test..." And : "their BS is a mess AND they need LOTS of cash infusions from some source". It looks to me that they have enough cash to execute their 2024 expansion plan to 21 EH/s and 21 w/TH, buying and installing 18000-19000  T21s miners. To me these are facts not BS opinions As for the

[mrmomo]

Another update.........an unfortunate one sadly.......for me as a Riot s/h.... It seems that i Riot has indeed INCREASED it's interest of Bitfarms.......though slightly.......in the last few days. I had previsouly said that it looked like Riot probably did not, but unfortunately they actually did as per the latest SEC filings, and the latest transactions below....   05

[MrVerbatim9800]

Momo, finally seeing the light. YES Riot wants BITF, of course they do. BITF is a healthy, debt free, money making top 5 miner who's acquisition would place RIOT on top of the world! With that said, WE (BITF owners) are not going to simply give our company away. If RIOT wants us, they are going to have to pay a reasonable price for the trade. Nothing less than $5.00 USD will make it happen. I

[carterZ21]

Hi mrmomo, I understand your disappointment however, consider this situation. RIOT may not be overly concerned if in fact BITF does have other potential suitors. If we infer that other companies also see compelling value in BITF, it is possible that a superior offer may surface and should RIOT not wish to match/or improve the offer, they still stand to make a tidy sum tendering their shares to

[mrmomo]

carterZ21 wrote: "I understand your disappointment......." Good day to you Mr. carterZ21..........As i do appreciate your sympathy in this "unfortunate situation", the fact remains that IF you're NOT a Xp'd, knowledgeable investor like myself ......and a Riot s/h along with that......you TRULY don't understand my plight and the level of frustration .....AND "

[HarfanddesNeiges]

Interesting ! GLTA

[TOCKY8008]

mrmomo, you wrote : " IF you're NOT a Xp'd, knowledgeable investor like myself ......and a Riot s/h along with that..." The more I read your longwinded,self centered,blowhard posts, the more I wonder... TOCKY8008

[MrVerbatim9800]

Hey, Momo... I think you have larger things to worry about other being on our board. Things like RIOT losing its shirt and fitting into some very large shorts! Perhaps Marathon should tender a purchase offer of $1.97 to RIOT? Sounds fair, right?  :) Mr. V

[mrmomo]

As this"sad story" continues to play itself out, i just want to make one thing VERY clear on here.......for ALL my other fellow investors...... If you make dumbAZZ stupid comments, either because of pure stupid ignorance/low IQ or just a simple lack of knowledge (which in this case you should keep your trap shut for your own personal benefit and street cred).......in this industry

[MrVerbatim9800]

Momo has left the building..... Thank gawd, someone should lock the door now. It's difficult to handle his diatribe of contradictions and self-importance and, his ignorance... Although, it is slightly entertaining at best...

[mrmomo]

Let the GAMES.....& FUN begin.......!!!! Looks like S farms has moved their Queen onto the board, out into play & checked Riot's move....... And therefore..... BItfarms has gone ahead and adopted a "Poison Pill" plan to discourage Riot mgmt from accumulating further interest in the company, beyond whatthey already have... or to drop the idea alltogether........ Hopefully

[Humanist]

Hey momo,  i ma holder of both, and after i read that riot isused a hostile TO  of bitf i start reading many market experts's thoughts about the deal. jp morgan supported it, however there were many wriitings about riot not being very well run.. regardless, i am no in support of riot taking over bitf at their suggested price bitf has done alot of improvements lately( in 2023) to

[mrmomo]

Hey there...Humanist......long time no see my friend. Glad you took my advice & to dipped your toes into the crypto mining scene and you stuck around.......8). Especially after our unfortunate shared experience in the previous investment........I hope things turn out better for you this time around! Humanist wrote "however there were many wriitings about riot not being very well run

[Humanist]

thx momo. I hope you've been doing ok as well . yes i did but riot last year was doing welland since hte halving it hasnt been doing v well. stuck around the 9-10 range i know hte having affects all mining, but even when bitcoin goes up it doens't seem to move much.. and the writing about it, as I  mentioned  thye say mgnt is not great.. if you have any encouraging news feel free

[mrmomo]

For those of you following this sad saga, this dayTime drama....or if you have avested interested somewhere here......please note that it seems that after the latest SEC Filings, Riot has increased their holdings/ownership of SFarms to aproximately ~13.5%.........just a TAD below the 15% level that triggers the adoption of the so called "Poison Pill"........ Where we go from here is

[Humanist]

I believe what's been happening for the past 2 weeks and the low ball offer by riot ( although they own 13% os bitf) will open the door for other companies interested in bitf if they have the cash to put an offer but obviously will have to be a good one ( higher than riot) which will push riot to fight for bitf by raising its offer.  in summary, either we go back to normal or a battle

[mrmomo]

Just a few "enlightening" thoughts on this from an XP'd "EXPERT".....like yours truly 8).... on this matter & industry. And as always .....you can either take it at face value or dismiss it altogether......YOUR CHOICE! Humanist wrote: "I believe what's been happening for the past 2 weeks and the low ball offer by riot ( although they own 13% os bitf)"

[Fobitrain1]

This should be at $7.00 based on today Bitcoin price. IT WAS at 7.00 at prev.  $60K bitcoin price. -- this is $3.00 under priced.  RIOT kept a lid on all the growth to buy shares. This was kept down on purpose.  if they bought 12% this should have gone up based on market prices and bitcoin price. 

[HarfanddesNeiges]

Minimum 5.00 US$. GLTA

[Fobitrain1]

Agreed $5.00 US min -- i woudl suggest that a few financial banks should lead this up to over $7.00 Canadian.  Riot needs BITF given the halfing change. They are in need of partners to help with mining! 

[mrmomo]

Just an update........along with a slight correction & clearing the air on certain things..... First, i would like to quickly "correct" some info i posted yesterday regarding Riot's accumulated "interest " in SFarms....as of June12. I had mentioned Riot held about 13.5% of SFarms, after the latest SEC filings, But unfortunately that figure was based on outdated

[mrmomo]

Another SIGNIFICANT update........!!! Looks like Riot has.... "FIRMLY" ....responded to SFarms mgmt so called introduction of a "Poison Pill"  & the company's recent defensive measures to expand operations further........to ward off Riot's hostile overtures...... So you guys must be asking on HOW Riot responded......? Right? Well my friends, just look at the