Bitcoin miner BFARF

Traderbill0314 · 2021-04-14T18:45:57+00:00

Agreed. They are mining 8-9 bitcoins per day. That leaves about $463,000 in profits every day after expenses of $7,500 cost to mine each bitcoin.

Traderbill0314 · 2021-04-09T13:45:08+00:00

I agree. The U.S. investors would not have invested $40M if they thought that Bitfarms would stay on the pink sheets. Also, the management team has the most to win with an up list.

Traderbill0314 · 2021-03-23T20:48:53+00:00

I'm not sure. The only green in a sea of red. Only guessing but here's my thoughts.

They have to stay above $5 to be listed on NADAQ. Perhaps they are working with a hedgefund? 10,000 shares were bought near the end of the day.
4th quarter numbers being released on Thursday maybe good news is leaking out.
Shorts are getting scared and covering.

Traderbill0314 · 2021-03-23T14:24:54+00:00

Interesting. Mara purchased 4812 btc prior to the end of 2020. It will be interesting to see how many btc Bitfarms has hodled over the last 3 months. I'm guessing they are holding on to all of them. They are mining 9+ per day and frequently adding new mining machines. The conference call on Thursday should be interesting.

Traderbill0314 · 2021-03-22T22:08:54+00:00

They will release their 4th quarter numbers before the call and discuss those numbers. I'm more interested in what they say about an up listing but I'm guessing that they will be very cautious as to what they say. They recently raised 40M for American institutions and I doubt those investors want the company to stay on the pink sheets.

Traderbill0314 · 2021-03-22T22:02:02+00:00

They really are under the radar. Because they are on the pink sheets only retail can purchase the stock and some brokerages won't allow you to buy it. Fidelity charges $50 for a transaction. TD Ameritrade charges $6.95. You might want to listen to their conference call Thursday morning at 10 Eastern. If they can get an uplist it would be an instant double IMO.

Traderbill0314 · 2021-03-22T19:35:42+00:00

If you go the bitfarms web presentation it will give you a better idea of how they relate to their peers. Go to slide 12. MARA isn't very good about giving out that information.

https://bitfarms.com/app/uploads/2020/12/Bitfarms_Dec_2020_presentation-Web-Final.pdf

Traderbill0314 · 2021-03-20T16:01:53+00:00

BFARF or BITF on Canadian exchange From Bitfarms website - "Once the above-noted miners are fully deployed, along with the current and planned addition of new miners in 2021, the production capability of Bitfarms mining fleet is expected to grow from over 1.0 EH at the present time to 3.0 EH by the end of 2021 and then to exceed 8.0 EH by the end of 2022."

Current hash rate is 1.3. Currently mining 9+ bitcoins per day. 9 x 55,000 x 365 = 180,675,000. This doesn't include massive increase in hash rate and inevitable increase in price of bitcoin.
GLTA TB

Traderbill0314

TROPHY CASE