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BFARF - Neutral On Bitfarms Ltd. Pending Disclosure Of Q4 Results
Bitfarms
Bitfarms Ltd. is a Canadian crypto miner and electrician services company.
Q3 financial results were tepid, and the company is not yet profitable.
At the end of Q3, the company had not been able to accumulate Bitcoin on its balance sheet as a Treasury asset as other blockchain companies have done.
Run-up in the stock over a one year-period has been tremendous (more than 1800%).
I'm NEUTRAL on the stock until its quarterly results improve.