Bitfarm mined 424 bitcoins in March, with a market value of 260 million US dollars. Riot mined 695 bitcoins in March, with a market capitalization of $2 billion. The value of bitfarm is grossly undervalued. Bitfarm's market value should be about 2/3 of Riot's market value, and the stock price is only reasonable at $5.5-6
Bitfarm's market capitalization is only fair and reasonable between 1.3 billion and 1.4 billion US dollars. In the current situation where Bitcoin remains unchanged at 30,000 US dollars, bitfarm's stock price should be $5.5-6 US dollars, and there is huge potential for growth. Every financial report is the driving force for growth. What's more, bitfarm uses cheap hydroelectric power in Quebec, and the operating costs are far lower than the Riot and Mara mines mined in the US. Bitfarm has just risen above the $1 psychological mark. The potential for future growth is huge!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
涨就call跌就put : The trading volume is so poor that big investors don't want to go