Bitcoin Mining Operation Bitfarms to be Listed on Nasdaq Following DTC Eligibility  – Mining Bitcoin News

Construction is currently underway on one of Canada’s largest cryptocurrency mining facilities, located in Notre-Dame-de-Stanbridge, Quebec. The project, led by Canadian firm Bitfarms, will be powered by a combination of hydroelectricity and renewable energy produced by solar panels at the site. The data center has already been fully funded, and construction is set to be completed by the end of 2018.

Bitfarms, a cryptocurrency mining operation, is getting ready to make its debut on the pink sheets. The Canada-based company will be listed on the over-the-counter-market as a direct-public offering (DPO) on January 29th, 2018. The company is a joint effort between a company called Bitfarms, a cryptocurrency mining operation, and a private investment firm.

Bitfarms, a Toronto-based bitcoin mining company, announced that it has received approval to list its common stock on the Nasdaq Global Market. The Company is already listed on the Toronto Stock Exchange (TSX) and will be listed on the Nasdaq under the ticker symbol BITF.

Bitcoin mining company Bitfarms gets listed on Nasdaq Global Market Level

Bitfarms has announced that it will become a bitcoin miner listed on the Nasdaq Global Market. This level of the Nasdaq platform is designed for companies that are in a strong financial position and meet higher standards than the lower Nasdaq levels.

Bitfarms, which was named in 2017, says its adoption of the Nasdaq Global Market level is a strong endorsement.

Listing on the Nasdaq Global Market is an incredible achievement for Bitfarms and the culmination of years of hard work and dedication, said Emiliano Grodzki, CEO of Bitfarms. Over the past four years we have been able to build and operate one of the largest bitcoin mines in the world. It is only fitting that we are listed on one of the most prestigious stock exchanges in the world, which significantly increases the market reach of our business.

A mining company must first obtain proof of eligibility to participate in electronic clearing and settlement through DTC

Bitfarms’ listing on Nasdaq follows the company’s recent partnership with Foundry and the addition of 2,465 bitcoin miners to its fleet. Bitfarms also plans to begin mining in Argentina to take advantage of electricity rates of $0.02 per kilowatt per hour (kWh).

Two days ago, the company announced the purchase of 6,600 S19j anthracite from Bitmain. This fall, miners will give Bitfarms about 2.5 exahash per second (EH/s).

The additional 660 PH added to their mining operation will strengthen their mining presence and further establish Bitfarms as one of the leading mining companies in North America, said Irene Gao, sales manager for Antminer in Bitmain’s NCSA region.

The final requirement that a mining company must meet is the confirmation of the right to electronic clearing and settlement by the Depository Trust Company (DTC). If approved, Bitfarms BITF will be able to list on the Nasdaq Global Market.

What do you think about Bitfarms being approved for listing on Nasdaq? Let us know what you think in the comments below.

Tags in this story

6600 S19j Antminers, bitcoin, bitcoin mining, bitfarms, bitfarms nasdaq, BTC, BTC mining, common stock, Depository Trust Company, DTC, listing, mining, mining bitcoin, Nasdaq, Nasdaq Global Market Tier

Photo credit: Shutterstock, Pixabay, Wiki Commons

Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.

Related Tags:

bitfarms nasdaq uplistingbitfarms nasdaq listingbitfarms stock predictionbitfarms stock newsbitfarms stock germanyhow to buy bfarf,People also search for,Privacy settings,How Search works,bitfarms nasdaq uplisting,bitfarms nasdaq listing,bitfarms stock prediction,bitfarms stock news,bitfarms stock germany,how to buy bfarf,bitcoin price,bfarf institutional ownership

Recent Articles

Grubhub users can earn BTC rewards for food delivery as part of Lolli partnership

Grubhub users can now earn Bitcoin rewards for food delivery in partnership with Lolly to give consumers more options when ordering and earning. The...

Square Inc. Rebrands to ‘Block’ while Facebook Loosens Restrictions on Crypto Ads – Weekly Roundup

In the latest move in a long line of companies making rebrands with their name, Square Inc., known for its popular payment service Square...

Music-related NFT project Opulous rises by over 500% in 24 hours |

“Opulous is a new decentralized music platform that seeks to bring good, sustainable business practices back into the music world.” The “music nfts” is a...

Investing In the Ethereum Name Service (ENS) – Everything You Need to Know

As the release date nears for Ethereum Name Service (ENS), Ether is surging. Many see this as a sign that ENS will be an...

Top 3 Metaverse tokens to buy on November 15: StarLink STARL, RNDR and YGG | Cointext

November 15th is Metaverse’s official token sale day! This week, we’re giving you three tokens to consider buying for your investment portfolio. The “starlink nft”...

Related Stories