Cryptomining stocks in review

One of my readers sent me an email a few weeks ago and asked me if the cryptocurrency mining stocks are worthwhile to buy, and I was so intrigued at the question that I started right away to find out if there is any sense at all for purchasing those big mining operators stocks. Here is the result, I’m sorry this was the best I could do in a few week’s notice, but I hope it finds some interest in you.

I took five companies in the stock market and started to research their data and made my calculations after, and I DID some radical actions after it.. )

Bitfarms Ltd

Bitfarms Ltd is a cryptocurrency mining company in North America. Operations go through two different segments, Backbone and Volta. The Backbone is the owner and operator for separate server farms, primarily validating transactions on the blockchain and earning coins from block rewards and transaction fees. The Volta side is electricity service to commercial and residential customers in Canada. It has five server farm units that mine different types of cryptocurrencies. Bitfarms Ltd was established in 2017, and its headquarter is in Canada, in the city of Toronto.

Ticker: BITF

Exchange: TSXV

Stock Price: 0.39 CAD