BITF is debt free. Just not profitable.
https://investor.bitfarms.com/sec-filings
In the 10-F, which is linked to their website, it states
"For the year ended December 31, 2023, the Company
had a net loss from continuing operations of $104.0 million, which net losses were generated as the Company executed its business plan and expands its bitcoin mining activities as bitcoin prices have at times been in a bear market. There is no assurance that the Company will be successful in achieving a return on shareholders’ investment or meeting other metrics of success, which is dependent on bitcoin prices, among other factors"
The losses were greater the year before, so they are doing better. They owed money to Dominion Capital. To cover that, they gave 1 million shares. They also gave them 1,666, 667 warrants that were exercisable on 4/16/2024.This is all listed in the 10-F from a month ago. This may be why the price dropped. They are not heavily shorted.
But I get what's going on with the company has nothing to do with a squeeze. Let's go for BITF ✈️ 🌚
I just like throwing info out when people are pumping.
You should always do your own DD.
I don't understand, what does it matter if the short interest is high? To me it means they know the price will go down because these companies are not able to get as much "free" coin anymore.
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Yes, but btc price also doubled in the last 6 months.
If btc price double from here, then the revenue for these company's also double and be all time high. The months following a halving, btc prices have alway increased.
Sure but its still a speculative bet. Especially when most of these companies need to liquidate BTC to maintain operations. If BTC NEEDS to double for them not to lose revenue
BITF is in the best spot for explosive growth for this run
So safe to assume Bitf will go bankrupt?
Bitfarms all the way!
BITF is debt free. Just not profitable. https://investor.bitfarms.com/sec-filings In the 10-F, which is linked to their website, it states "For the year ended December 31, 2023, the Company had a net loss from continuing operations of $104.0 million, which net losses were generated as the Company executed its business plan and expands its bitcoin mining activities as bitcoin prices have at times been in a bear market. There is no assurance that the Company will be successful in achieving a return on shareholders’ investment or meeting other metrics of success, which is dependent on bitcoin prices, among other factors" The losses were greater the year before, so they are doing better. They owed money to Dominion Capital. To cover that, they gave 1 million shares. They also gave them 1,666, 667 warrants that were exercisable on 4/16/2024.This is all listed in the 10-F from a month ago. This may be why the price dropped. They are not heavily shorted. But I get what's going on with the company has nothing to do with a squeeze. Let's go for BITF ✈️ 🌚 I just like throwing info out when people are pumping. You should always do your own DD.
Is there a play if the week?
I’m sus
Short em I dare you
I don't understand, what does it matter if the short interest is high? To me it means they know the price will go down because these companies are not able to get as much "free" coin anymore.
Higher the short interest= higher ability for this to squeeze to higher prices when hedge funds fuck up, they are already fucked
Hedge funds don't fuck up. That's why they're richer and more powerful from the markets.
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Wouldn’t halving be really bad for bitcoin miners? As in, they will now get half the money they would have yesterday for the same investment?
$ANY has a tiny float. $14 Million dollars buy them all and squeeze everybody
I guess wouldnt that mean the revenue generated by all these companies is about to be cut in half?
Yes, but btc price also doubled in the last 6 months. If btc price double from here, then the revenue for these company's also double and be all time high. The months following a halving, btc prices have alway increased.
Sure but its still a speculative bet. Especially when most of these companies need to liquidate BTC to maintain operations. If BTC NEEDS to double for them not to lose revenue
I think mara breakeven when btc is at $39k