Bitfarms Ltd (BITF)

[wiredawg]

Curious, has anyone here done a sort of apples to apples comparison of BITF to the likes of RI*T...seems to be a similar operations.

An article except from 8 Jul: "As of June 30, Riot held approx. 2,243 BTC"

An article except from 14 Jul: "As of July 12, 2021, Bitfarms had mined 1,515 Bitcoin ("BTC") on a year-to-date basis." And this appears to be the most recent total, except from the first quarter:"Since the end of the first quarter, we have continued to add to our BTC inventory which now stands at approximately 1,000 Bitcoin, valued at approximately $40 million,” commented Mauro Ferrara, Interim Chief Financial Officer and Corporate Secretary."

And I'm sure there's much more to derive from the recent news...but, any thoughtful ideas why RI*T is at a much higher valuation, is it that much more a better operation?

And even though Bitcoin maybe be a bit (pun intended...LOL) out of favor at the moment...trading on the NASDAQ (21JUN) has not been kind to BITF, thinking there is still a bit of downside to go...thoughts?