Bitfarms: Takeover Abated, Still A Work In Progress

Company Overview - Bitfarms is a Bitcoin mining company with a strong cash flow history compared to many peers in the industry [1] - The company has demonstrated consistent growth in operating cash flows, indicating a robust financial position [1] Investment Philosophy - The analyst focuses on long-term ownership rather than short-term price movements, emphasizing fundamental analysis and valuation [1] - The approach has shifted to a simplified "Buy or Don't Buy" framework, with no Strong Buy ratings issued as of March 2024 [1] Analyst Background - The analyst began investing in 2020 as an individual value investor, focusing on understanding business fundamentals and buying at attractive prices [1] - From May 2022 to May 2023, the analyst worked as an investment advisory representative at Fidelity Investments before becoming self-employed [1]