Bitcoin Miner Bitfarms to be Listed on Nasdaq Global Market

Canada-based bitcoin miner Bitfarms Ltd. recently announced that it will list on the Nasdaq Global Market under the symbol “BITF”.

According to the official press release, Bitfarms will also retain its listing on the TSX Venture Exchange under the symbol “BITF”. 

Nasdaq’s market has three tiers that each feature different levels of capital and financial requirements. The tier which requires bigger financials and larger cash flows is the Nasdaq Global Select, followed by Nasdaq Global Markets and Nasdaq Capital Market.

So far, Bitfarms is the first publicly traded Bitcoin miner to announce it will be trading on The Nasdaq Global Market® tier. Other Bitcoin miners trade on Nasdaq Capital Market.

Emiliano Grodzki, Bitfarms’ Chief Executive Officer commented, "The 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. Over 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. We are very proud to have reached this important milestone for the Company and our shareholders. I would like to thank the team at Bitfarms, and all our advisers and professionals whose tireless efforts made this possible.”