Company Bitfarms to Start Trading on the Nasdaq Next Week

Bitfarms Renewable Operations to List on Nasdaq Global Select Market

The Canadian bitcoin mining firm Bitfarms reported on Thursday that the company will be recorded on Nasdaq on Monday, June 21. The company is as of now recorded on the TSX Venture Exchange and leverages the ticker “BITF.”

For the Nasdaq posting, the company will use a similar ticker image. As per the declaration, Bitfarms has gotten DTC qualification which basically implies offers can be deposited through DTC, the biggest protections storehouse on the planet.

“Posting on Nasdaq is a significant accomplishment for Bitfarms and is a huge achievement following several years of advancement and accomplishment by the company,” Bitfarms’ organizer and CEO Emiliano Grodzki said during the declaration.

“We began this company four years prior with a reasonable faith in the institutional adoption of Bitcoin and Bitcoin mining. This conviction has directed us as we attempted to construct one of the biggest Bitcoin mining tasks around the world,” Grodzki added.

Bitfarms’ site says that it presently works 69 megawatts of energy and commits around 1,420 petahash each second (PH/s) of SHA256 hashrate. The pace of Bitfarms’ offices situated in Quebec ends up being around 1.42 exahash each second (EH/s).

Bitfarms works bitcoin mining plants in the Quebec areas of Farnham, Cowansville, Sherbrooke, Saint-Hyacinthe, and Magog. Bitfarms isn’t the just crypto mining company getting recorded these days as Hut 8 Mining was additionally supported for Nasdaq posting recently.

In any case, Grodzki subtleties that Bitfarms will be the biggest traded on an open market excavator, as far as hashrate and tasks practically completely controlled by efficient power energy.

“At the point when Bitfarms starts exchanging on the Nasdaq, it will be the biggest traded on an open market Bitcoin digger in North America utilizing more prominent than 99% hydroelectric sustainable power,” Grodzki commented.

Measurements, at any rate as indicated by both company’s sites, shows Bitfarms has a smidgen more hashpower than Hut 8. While Hut 8 burns-through 109 megawatts of energy, the company’s mining activities in Medicine Hat and Drumheller, Alberta commit around 1,073 PH/s of SHA256 hashrate to get the Bitcoin organization.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Author: Isa Misao