Bitfarms Ltd. Market Price Change May Lead to Pleasant Surprises
September 13, 2022
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Bitfarms Intrinsic Value –
The recent market price change of 9.38% in Bitfarms($TSX:BITF) Ltd. might lead to pleasant surprises. Do you think this will affect BITFARMS market and earnings in the long term? this market price change could bring some unforeseen benefits to the company that could help with their long term goal.
Share Price
BITFARMS Ltd. is a Canadian cryptocurrency mining company. On Monday, its stock opened at CA$1.9 and closed at CA$1.8, up 2.8% from its last closing price of 1.8.
VI Analysis – Bitfarms Intrinsic Value
BITFARMS is a Bitcoin mining company with operations in Canada, the United States, and Israel. The company’s fundamentals reflect its long term potential, making it a good candidate for investment. The fair value of BITFARMS shares is around CA$2.4, calculated by VI Line. This means that the current price of CA$1.8 represents a 26% discount to the intrinsic value of the company.
Summary
The current market price is lower than what it was a few months ago, but the long-term prospects for the company remain strong. The company operates several large-scale cryptocurrency mining facilities in Quebec and Iceland and has plans to expand its operations in other countries. Despite the recent market price decline, the company’s share price has increased significantly over the past year. This may be due to investor confidence in the company’s long-term prospects and its experienced management team.
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