Bitfarms, a Quebecois company in charge of one of the largest crypto mining operations in North America, will be listed on NASDAQ on June 21. It will also continue to be listed on the Toronto Stock Exchange (TSX) as BITF.
The company had been waiting for its DTC eligibility check to be passed but is now cleared to enter the US stock exchange.
More Than 99% Clean Energy
The company, soon to be listed as $BITF, is committed to using green energy – and more than 99% of the power it uses to run its operations comes from hydroelectric energy.
Bitfarms Fulfils Long-Range Ambition
Argentinian entrepreneur Emiliano Grodzki – founder and CEO of Bitfarms – commented on the news, stating that a NASDAQ listing had been in the company’s sights for a while. Now that it’s finally achieved this goal, he said it was proud to be largest publicly traded eco-friendly mining farm:
This belief has guided us as we worked to build one of the largest Bitcoin mining operations worldwide. When Bitfarms begins trading on the NASDAQ, it will be the largest publicly traded Bitcoin miner in North America using greater than 99% hydroelectric renewable electricity. 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.”
Emiliano Grodzki
The company was founded in 2017 and controls five mining facilities in Quebec. Rated as a “Rising Star” by the TSX in February, Bitfarms apparently mines nearly 1% of all Bitcoin currently in circulation.
Bitfarms is just one of several eco-friendly Bitcoin projects, with Texas crypto mining rush and El Salvador volcano Bitcoin mining, working on ways to make Bitcoin less of a problem for the environment.
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