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Today we are joined by the CEO of Bitfarms, Ben Gagnon to talk about their recently reported Q3 Earnings, Stronghold Agreement & HPC Growth. Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. Let me know what you think of Bitfarms and if you are currently holding any shares BITF in the comment section below!
This video was conducted on behalf of Bitfarms Ltd. (BITF), and paid for, by Power Mining Analysis on November 13, 2024. Full Disclaimer available at www.powermininganalysis.com.
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0:00 Intro 1:20 Intro & Background 3:10 Operational Metrics & Performance 5:40 Bitfarms Q3 Earnings 10:08 Bitmain S21 Pro vs T21 Miner Model 14:15 Portfolio Growth Strategy 20:34 Stronghold Hosting Agreement 23:00 EH Growth Targets 31:20 Power Portfolio Overview 36:10 Recent Political Developments 41:45 HPC Updates 46:50 HPC Facility & Service Details 52:50 Global Hash Rate Outlook 55:20 Bitcoin Price Outlook 57:35 Closing Thoughts
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