Cycle Trading

[No-Quarter]

Bitcoin miners update -

The two miner stocks I have been following are Marathon Patent Group (MARA) and Riot (RIOT). I have found a third worth consideration.

Bitfarms Limited (BFARF) is a Canadian miner that appears to be following in the footsteps of Marathon and Riot by adding to the number of authorized shares and placing these additional shares directly with institutional investment houses (hedge funds and mutual funds) and using these funds to purchase more bitcoin miners to their operation.

https://finance.yahoo.com/news/bitfarms-announces-closing-cad-40-230000914.html

There is an additional bit of information to add to the mix though.

Pull quote from the article above -

The funds were raised via a fully subscribed private placement of units among U.S. institutional investors.

Now read here the companies intend to be listed on a US-based exchange to gain 10x exposure.

https://thetimeshub.in/bitfarms-is-still-checking-out-in-the-us/4882/

Pull quote from the article above -

Wall Street in the crosshairs

In an interview yesterday, the president confirmed to the Newspaper step up the steps to register Bitfarms on the New York Stock Exchange. “The Nasdaq would be ideal,” Morphy told us.
“The reality is that the United States is 10 times the size of our country. The same goes for their investment capacity, which would be very useful to us in achieving the growth objectives that we have set for ourselves. “

If/when Bitfarms Ltd is successful here, and I have to believe the US based institutions that just bought into the company are pushing for this, I believe this miner will grow at a rate MARA and RIOT have been.

GLTY

MARA
RIOT
BFARF