Bitfarms Expects to Be Traded On Nasdaq from June 21

Fazzaco learned that Canada-based bitcoin miner Bitfarms Ltd. has planned to begin trading on Nasdaq under the symbol “BITF” from June 21. In addition, Bitfarms will also retain its listing on the TSX Venture Exchange under the symbol “BITF”. 

Upon listing, Bitfarms will become the largest publicly-traded Bitcoin miner in North America. Other bitcoin mining companies listed include Marathon Digital Holdings and Riot Blockchain.

Let's recall that last month, Nasdaq approved Bitfarms’ application to list​ its common stock, making it the first publicly traded Bitcoin miner to announce it will be trading on The Nasdaq Global Market® tier.

In 2019, Bitfarms expanded its mining operations in Quebec and earlier this year, it joined Foundry USA Pool, boosting its operating hash rate by 15%.

Commenting on this news, Emiliano Grodzki, CEO of Bitfarms, said, ​“Listing on Nasdaq is an important achievement for Bitfarms and is a significant milestone following multiple years of development and achievement by the company. We started this company four years ago with a clear belief in the institutional adoption of Bitcoin and Bitcoin mining. We are proud to be a leader in the industry in setting the highest standards for ourselves and our mining operations and to be uplisting to one of the most prestigious stock exchanges in the world. Having reached this milestone we are even more excited about where it will take our company next.”