Toronto-based Bitcoin mining agency Bitfarms expects to start buying and selling underneath “BITF” on the Nasdaq inventory market on June 21.
Toronto-based Bitcoin mining enterprise Bitfarms has introduced that it’ll start buying and selling underneath the image “BITF” on Nasdaq on June 21. Frequent shares of the corporate have acquired DTC eligibility and it’ll retain its itemizing on the TSX Enterprise Change, in accordance with a tweet thread from the corporate.
“Itemizing on Nasdaq is a vital achievement for Bitfarms and is a major milestone following a number of years of improvement and achievement by the corporate,” per the thread, which was quoting CEO Emiliano Grodzki. “We began this firm 4 years in the past with a transparent perception within the institutional adoption of Bitcoin and Bitcoin mining.”
The thread additionally indicated that the Nasdaq itemizing will make Bitfarms the most important publicly-traded Bitcoin miner in North America that makes use of almost 100% hydroelectric, renewable vitality. Whereas usually misguided considerations across the vitality consumption of Bitcoin mining have existed for years, the talk round this subject has reignited recently. Bitfarms’ reliance on renewable vitality sources is one instance of how bitcoin mining is a remarkably environment friendly methodology of changing vitality to worth.
“We’re proud to be a pacesetter within the business in setting the best requirements for ourselves and our mining operations and to be uplisting to probably the most prestigious inventory exchanges on the earth,” Grodzki stated, per the thread. “Having reached this milestone we’re much more enthusiastic about the place it should take our firm subsequent.”
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.