Bitfarms projectionBitfarms has 30% higher hashrate than RIOT does. With an uplisting expecting to a major exchange in coming months, the growth of the stock on fundamentals should put it on a higher valuation than blue chip miners. Long term plans for Bitfarms plan to grow from their current 1.3 EH to 8 EH by the end of 2022. Additional growth in BTC should drive the price even further.
1. Currently 30% higher hashrate than RIOT
2. Exchange uplist expected
3. Longterm plans to grow hashrate from 1.3 EH to 8 EH
4. Institutional investment in BTC should drive the price even higher.
A long term price well over $100 would seem reasonable beyond the current fundamental price of $40 shown here.
