Bitcoin Mining Company Bitfarms Set to Trade on Nasdaq Next Week

Jafrin  |  Jun 19, 2021

Canadian Bitcoin mining firm Bitfarms has announced that it will start trading on Nasdaq under the ticker “BITF” on June 21. The company is already listed on the TSX Venture Exchange under the same ticker symbol.

Bitfarms Set to Trade on Nasdaq Next Week

Toronto-based Bitcoin mining firm Bitfarms has revealed that the firm will commence trading on Nasdaq Global Select Market starting on June 21 while maintaining its listing on the TSX Venture Exchange.

For the Nasdaq listing, the company will utilize the same ticker symbol, “BITF”.

Per the announcement, Bitfarms has obtained DTC eligibility, meaning shares can be deposited through DTC, the largest securities depository in the world.

In the announcement release, CEO Emiliano Grodzki said:

Listing on Nasdaq is an important achievement for Bitfarms and is a significant milestone following multiple years of development and achievement by the company. We started this company four years ago with a clear belief in the institutional adoption of Bitcoin and Bitcoin mining. This belief has guided us as we worked to build one of the largest Bitcoin mining operations worldwide.”

The Nasdaq listing would make Bitfarms the largest publicly traded Bitcoin miner in North America with 99% hydroelectric renewable energy.

Responding to Bitfarms's Nasdaq listing, Bitcoin Titan, Michael Saylor said:

Bitfarms operates Bitcoin mining plants in the Quebec regions of Farnham, Cowansville, Sherbrooke, Saint-Hyacinthe, and Magog.

Hive Blockchain Receives Approval for Nasdaq Listing

At the same time, another Canadian crypto mining company has announced on receiving approval to list its common shares on Nasdaq.

Being the first cryptocurrency mining firm with an ESG and green energy strategy, the company first went public in 2017 and currently trades on the TSX Venture Exchange under the ticker symbol “HIVE.”

However, the company did not specify the exact date when the Nasdaq shares would start trading.

Hive claims it uses “100% green renewable energy” via “state-of-the-art green energy-powered data center facilities in Canada, Sweden, and Iceland,” which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud.

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