BITF Forecast + Trading Strategies


Bullish Case: Anticipated fleet upgrades to 17 EH/s and favorable Bitcoin halving conditions position Bitfarms for significant growth prospects. Pennsylvania expansion promises increased operational efficiency and profitability.


Bearish Case: The uncertain crypto market and potential difficulties securing funding may delay expansion plans, exacerbating existing operational inefficiencies. Competitive pressures and internal governance issues could hinder performance.


Potential Outcomes:

1. Fleet upgrade success, reaching 17 EH/s by end of 2024: 50%.

2. Crypto market remains weak, delaying expansion: 40%.

3. Funding struggles affect execution: 10%.


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July 20, 2024


Bitfarms Forecast

BITF      Bitfarms











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