Bitfarm (BITF.TO)
Hey everyone! Here is my first stock thesis I am posting on this blog. I wanted to preface this post with the disclaimer that in no way am I suggesting you buy the stock because of this article. This analysis is my own, and I will share my personal convictions and reasons for wanting to invest in the stock. Introduction Bitfarm is a bitcoin mining company that has operations globally (Canada, USA, Paraguay, Argentina) that powers its miners using low-cost renewable energy sources. If you are reading this article I will go with the underlying assumption that you believe in the future viability of Bitcoin. If not, I suggest you skip past this blog as any thoughts or ideas I present will be meaningless for you. However, if you do believe in Bitcoin's future viability, I suggest you continue reading below. To understand the company, we must first have a basis for the asset being mined. For the longest time, I have been opposed to Bitcoin as an alternative to fiat currencies. However, m...