- Bitfarms has been approved to list on the Nasdaq Global Market® under the symbol BITF
- Bitfarms will retain its listing on the TSXV
- Bitfarms is the first publicly traded Bitcoin miner to announce it will be trading on The Nasdaq Global Market tier
- Bitfarms is awaiting confirmation of DTC eligibility
- Bitfarms Ltd owns and operates one of the largest Bitcoin mining operations in the world
- Bitfarms opened trading at C$6.18 per share
Bitfarms’ application to list its common stock on the Nasdaq Global Market® was approved by The Nasdaq Stock Market under the symbol BITF.
Bitfarms will retain its listing on the TSXV under the symbol BITF.
The ticker used for Bitfarms’ securities traded over-the-counter (OTC) under the current symbol BFARF will transition to the new ticker symbol BITF on the first day of trading on The Nasdaq Stock Market.
Bitfarms is the first publicly traded Bitcoin miner to announce it will be trading on The Nasdaq Global Market tier. This tier is reserved for companies who fulfill financial liquidity and requirements above and beyond what it takes to list on The Nasdaq Capital Market, the lower tier upon which other Bitcoin miners trade.
Emiliano Grodzki, Bitfarms’ Chief Executive Officer, said,
“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.”
The last remaining requirement prior to listing and trading on the Nasdaq is to confirm Bitfarms’ common shares are eligible for electronic clearing and settlement through the Depository Trust Company (DTC).
The process to confirm DTC eligibility is moving forward. Further updates regarding the timing for the approval will be forthcoming. When approval has been obtained, we will announce the first date BITF will begin trading on Nasdaq.
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy.
Bitfarms has a diversified production platform with five industrial-scale facilities located in Québec. Each facility is 100% powered with environmentally-friendly hydropower and secured with long-term power contracts.
Bitfarms opened trading at C$6.18 per share.