Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week – Mining Bitcoin News

The mining firm Bitfarms has revealed the agency will start buying and selling on Nasdaq Global Select Market beginning on June 21. The agency claims to course of 1% of the worldwide hashrate and with “99% inexperienced hydroelectricity.”

Bitfarms Renewable Operations to List on Nasdaq Global Select Market

The Canadian bitcoin mining agency Bitfarms introduced on Thursday that the corporate will likely be listed on Nasdaq on Monday, June 21. The firm is already listed on the TSX Venture Exchange and leverages the ticker “BITF.”

For the Nasdaq itemizing, the corporate will make the most of the identical ticker image. According to the announcement, Bitfarms has obtained DTC eligibility which primarily means shares will be deposited by DTC, the biggest securities depository on this planet.

“Listing on Nasdaq is a crucial achievement for Bitfarms and is a big milestone following a number of years of growth and achievement by the corporate,” Bitfarms’ founder and chief government officer Emiliano Grodzki stated throughout the announcement.

“We began this firm 4 years in the past with a transparent perception within the institutional adoption of Bitcoin and Bitcoin mining. This perception has guided us as we labored to construct one of many largest Bitcoin mining operations worldwide,” Grodzki added.

Bitfarms’ web site says that it at present operates 69 megawatts of power and dedicates round 1,420 petahash per second (PH/s) of SHA256 hashrate. The charge of Bitfarms’ amenities positioned in Quebec seems to be round 1.42 exahash per second (EH/s).

Bitfarms operates bitcoin mining crops within the Quebec areas of Farnham, Cowansville, Sherbrooke, Saint-Hyacinthe, and Magog. Bitfarms will not be the one crypto mining firm getting listed as of late as Hut 8 Mining was additionally accepted for Nasdaq itemizing earlier this week.

However, Grodzki particulars that Bitfarms would be the largest publicly traded miner, when it comes to hashrate and operations almost all powered by inexperienced power.

“When Bitfarms begins buying and selling on the Nasdaq, will probably be the biggest publicly traded Bitcoin miner in North America utilizing better than 99% hydroelectric renewable electrical energy,” Grodzki remarked.

Statistics, at the least in accordance to each agency’s web sites, reveals Bitfarms has a bit extra hashpower than Hut 8. While Hut 8 consumes 109 megawatts of power, the agency’s mining operations in Medicine Hat and Drumheller, Alberta dedicate round 1,073 PH/s of SHA256 hashrate to safe the Bitcoin community.

What do you concentrate on Bitfarms itemizing shares on Nasdaq? Let us know what you suppose within the feedback part beneath.

Tags on this story
99% hydro, Bitcoin Miners, BITF, Bitfarms, Canada, crypto mining firm, DTC eligibility, Emiliano Grodzki, Hut 8, nasdaq, Nasdaq Global Market, North American Miners, renewable electrical energy, SHA256 Hashrate

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