Growth StrategyManagement can now turn its full attention to offense and execution against Bitfarms' compelling 2024 growth strategy and achievement of the company's 21 EH/s guidance by the end of 2024.
Strategic AgreementThe agreement effectively ends Riot's hostile takeover attempt of Bitfarms, making it a more positive outcome for Bitfarms and its shareholders.
UndervaluationShares remain significantly undervalued at current levels, trading at ~40% discount to peers on 2024E revenues, which is viewed as unwarranted.