The Toronto-based Bitcoin mining operation Bitfarms announced the company has been approved for a common stock listing on Nasdaq Global Market tier. The company is already listed on the Toronto Stock Exchange (TSX) and the firm’s Nasdaq listing will be listed under the ticker symbol “BITF.”<\/b><\/p>\nBitcoin Mining Operation Bitfarms to be Listed on Nasdaq Global Market Tier<\/h2>\n
Bitfarms<\/span> has announced that it will be a publicly-traded Bitcoin miner listed on Nasdaq Global Market tier. The tier platform by Nasdaq is reserved for companies who have sustainable finances and pass requirements that go above and beyond Nasdaq’s lower tiers. <\/span><\/p>\n The company Bitfarms, which was invoked in 2017, says the Nasdaq Global Market tier acceptance “represents a powerful validation.”<\/span><\/p>\n “The approval for listing on The Nasdaq Global Market is an incredible achievement for Bitfarms and is the fruition of multiple years of work and dedication,” Emiliano Grodzki, Bitfarms’ chief executive officer said. “Over the last four years, we have managed to build and operate one of the largest Bitcoin mining operations worldwide. It is fitting that we will be listing on one of the most prestigious exchanges in the world and significantly expand the market reach of our company.”<\/span><\/p>\n The Bitfarms Nasdaq listing follows the company’s <\/span>recent partnership<\/span> with Foundry and the fleet’s expansion of 2,465 bitcoin miners. Bitfarms also plans to <\/span>launch<\/span> a mining facility in Argentina in order to obtain electricity rates at $0.02 per kilowatts per hour (kWh). <\/span><\/p>\nMining Firm Must First Pass Confirmation of Eligibility for the Electronic Clearing and Settlement Through the DTC<\/h2>\n