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 firmâ€™s Nasdaq listing will be listed under the ticker symbol â€œBITF.â€
Bitcoin Mining Operation Bitfarms to be Listed on Nasdaq Global Market Tier
Bitfarms 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 Nasdaqâ€™s lower tiers.
The company Bitfarms, which was invoked in 2017, says the Nasdaq Global Market tier acceptance â€œrepresents a powerful validation.â€
â€œThe 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,â€ Emiliano Grodzki, Bitfarmsâ€™ chief executive officer said. â€œOver 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.â€
Mining Firm Must First Pass Confirmation of Eligibility for the Electronic Clearing and Settlement Through the DTC
What do you think about Bitfarms approval to be listed on Nasdaq? Let us know what you think about this subject in the comments section below.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, 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 mentioned in this article.