Long
BIT Farm - potential weekly breakout
Triangle Measurements:
Triangle starts: $0.37
Triangle top: $5.83 (not $6.00 as I initially thought)
Triangle height: $5.83 - $0.37 = $5.46
Current breakout level: ~$1.75
🎯 Technical Setup:
2+ year descending triangle at APEX
Strong $1.00-1.20 support tested multiple times
Volume drying up = coiling for EXPLOSIVE breakout
Target: $3.50-4.00+ (100-150% gain minimum)
🚀 Fundamental GOLDMINE:
AI Infrastructure Pivot: Transforming from Bitcoin mining to AI data centers
Microsoft Catalyst: $17.4B AI deal just boosted ALL mining stocks 22%+
Location Advantage: Panther Creek campus NEXT TO CoreWeave sites!
Massive Pipeline: 1.3 GW capacity with 80% in US
💰 The Arbitrage Opportunity:
Currently valued like struggling Bitcoin miner (6-12x EV/EBITDA)
Should be valued like AI infrastructure company (20-25x EV/EBITDA)
Potential revaluation: 200-400%!
🎪 Why This Could Be HUGE:
Industry Trend: 20% of Bitcoin miners pivoting to AI by 2027
Power Shortage: AI needs 40GW+ of power - miners have it!
First-Mover: Bitfarms among first to execute this pivot
Proven Model: CoreWeave's success validates the opportunity
My Targets:
Phase 1: $7.21 (technical measured move) ✅
Phase 2: $12-15 (AI revaluation begins)
Phase 3: $20+ (full transformation recognized)
Triangle starts: $0.37
Triangle top: $5.83 (not $6.00 as I initially thought)
Triangle height: $5.83 - $0.37 = $5.46
Current breakout level: ~$1.75
🎯 Technical Setup:
2+ year descending triangle at APEX
Strong $1.00-1.20 support tested multiple times
Volume drying up = coiling for EXPLOSIVE breakout
Target: $3.50-4.00+ (100-150% gain minimum)
🚀 Fundamental GOLDMINE:
AI Infrastructure Pivot: Transforming from Bitcoin mining to AI data centers
Microsoft Catalyst: $17.4B AI deal just boosted ALL mining stocks 22%+
Location Advantage: Panther Creek campus NEXT TO CoreWeave sites!
Massive Pipeline: 1.3 GW capacity with 80% in US
💰 The Arbitrage Opportunity:
Currently valued like struggling Bitcoin miner (6-12x EV/EBITDA)
Should be valued like AI infrastructure company (20-25x EV/EBITDA)
Potential revaluation: 200-400%!
🎪 Why This Could Be HUGE:
Industry Trend: 20% of Bitcoin miners pivoting to AI by 2027
Power Shortage: AI needs 40GW+ of power - miners have it!
First-Mover: Bitfarms among first to execute this pivot
Proven Model: CoreWeave's success validates the opportunity
My Targets:
Phase 1: $7.21 (technical measured move) ✅
Phase 2: $12-15 (AI revaluation begins)
Phase 3: $20+ (full transformation recognized)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.