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home / news releases / BTBT - The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.


BTBT - The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.

  • Bitfarms has consistently seen downside pressure as of late due to a heavy correction in the crypto market and its correlation to the price of bitcoin.
  • The BITF stock has become more attractive as it hit a 52-week low on May 6, 2022, at a price of $2.71/share. It was down around 46% year-to-date.
  • The use of hydroelectricity for its operations places BITF in a unique space vs. other significant competitors in the clean bitcoin mining space.
  • With 9 computing centers spread across Canada and the United States, and 4 larger centers in the pipeline, there is massive growth on the horizon for the company.
  • With a market cap of just over $520 million, the company's 3.3 EH/s hash rate positions BITF competitively against market leaders such as RIOT and MARA.

For further details see:

The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.
Stock Information

Company Name: Golden Bull Limited
Stock Symbol: BTBT
Market: NASDAQ
Website: bit-digital.com

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