Just a short note to say that I’m adding (substantially) to my Bitfarms (TSX-V: BITF OTC PINK: BFARF) position here with an eye toward them listing on the Nasdaq at some point.
At the moment they’re looking close to oversold (not actually oversold) and they disclosed in a March press release that they’ve applied for a Nasdaq listing. Currently their US listing is via OTC PINK: BFARF.
I think once this happens the market may wake up to the reality that on a fundamental basis such as digital asset inventory and hash rate, BITF is more compelling than Marathon Digital (Nasdaq: MARA).
At the moment, BITF trades around $6.50 CAD ($5.15 USD), while MARA is more than 10X that, somewhere north of $53/share USD today.
I’ll flesh out why in the next newsletter update but I wanted to get this alert out.
