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Bitfarms Announces Q1 2024 Financial Results Date
TipRanksApr 26 07:38 ET
Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024
TORONTO and BROSSARD, Québec, April 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, will report its first quarter 2024 financial results on Monday May13,
GlobeNewswireApr 26 07:00 ET
Bitfarms Initiated at Outperform by Northland Capital Markets
Bitfarms Initiated at Outperform by Northland Capital Markets
Dow JonesApr 25 13:37 ET
Express News | Northland Capital Markets Initiates Coverage On Bitfarms With Outperform Rating, Announces Price Target of $4
BenzingaApr 25 13:27 ET
Bitfarms Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 04/25/2024 98.02% Northland Capital Markets → $4 Initiates Coverage On → Outperform 04/01/2024 98.02% Cant
BenzingaApr 25 13:26 ET
Toronto Stocks Rise; Bitfarms Gains as Bitcoin Price Rises -- Market Talk
1814 ET - Canadian stocks rise, with the benchmark S&P/TSX Composite Index ticking up 0.3% to 21871 and the blue-chip S&P TSX 60 Index edging up 0.5% to 1313. The S&P/TSX Index sees gains in its healt
WSJApr 22 18:14 ET
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GNRForever : Runes was just adopted … your analysis does not have direction … people adopting or not adopting runes will not impact mining stock profitability this quarter, stop spreading doom and gloom scenarios
72812736 GNRForever:
egan1OP GNRForever: I mean just look at the graph and compare it to the stock performance of these companies, they are very correlated. I think a drop is a likely scenario. they don't make money. The underperformance compared to Bitcoin over the last year and the short interest show that investors are getting tired of always being 1 quarter away from gaap profitability. they didn't make money during the bull run of 2021 and they won't make money now especially with block rewards down from then.
GNRForever egan1OP: Why would a drop be a likely scenario when we are 2 weeks away from earnings? Why would you sell now know that since September bitcoin prices have surged? Why would you not wait until earnings and then take profits? Again, you make no practical sense … let’s get this straight … I am holding mining stocks and I am going to sell before earnings release during of the quarter with the greatest price increase of the commodity I am mining? Hmm … it is not even at any local high? Last three months this stock traded at 15-17 range, my prediction is that it will break 20 because of (1) positive earnings and (2) bitcoin will break hit 70k again.
egan1OP GNRForever: because a gold mine doesn't have their production slashed by 1/2 and they don't need to buy new shovels every 2 years. there is no barrier to entry in btc mining and the market is as close to perfect competition you can possibly get in the real world. firms in perfect competition have an avg expected profit of exactly $0.
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