Voyager and Bitfarms Setup to 3X

Rapid growth and Nasdaq uplistings in the works

Voyager

Let’s start with Voyager (VYGVF, $22 USD), a US cryptocurrency exchange serving 49 states. They having been growing 30% to 50% a MONTH the last few months. Estimates by people smarter than me say Voyager turned $20M of revenue in March and a whopping $38M of revenue in April. We are hearing long term to expect 50% EBITDA and maybe 35% net income. $38M each month brings us to $432M a year with no growth. 35% of of that is roughly $144M of net income.

Earning $1 USD a share Voyager with a P/E of 50 would be more than a double from today’s $22 USD price. I truly expect a $100 USD valuation for Voyager this year on continued growth as they expand to New York, Canada, Europe and continue to add services, and take market share from Robinhood and Coinbase. They are also expanding into stocks, debit cards and banking. The Voyager CEO was a co-founder of Etrade, and he is constantly doing a great job promoting the company on every TV network and media avenue you can imagine.

Bitfarms

Bitfarms (BFARF, $5.50 USD) (about to be BITF on Nasdaq) is the world’s largest publically traded producer of Bitcoin. Not only are they the largest, but they use 100% renewable energy. Despite all that, they are valued at 1/5th to 1/7th of rivals MARA and RIOT. This should all change any day now as Bitfarms acquires a Nasdaq listing as BITF, probably within a week of today.

Bitfarms should stay close to MARA and RIOT in mining capacity for the next 18 months. MARA and RIOT have planned to surpass Bitfarms in capacity, but they are running behind schedule and I’m not sure it will happen as they plan.

This is mostly an arbitrage play as this company is ridiculously priced versus competitors, when it should be fetching a premium for mining in an environmentally friendly way, making it eligible for being held by environmentally responsible funds.