THELOGICALINDIAN - Bitfarms which runs bristles ample mining units in Qubec will activate trading on Nasdaq abutting anniversary
Beginning Monday, the Nasdaq banal barter will account the shares of Canadian Bitcoin miner Bitfarms.
Nasdaq to List Bitfarms
Bitfarms has cleared the DTC accommodation for accepting a Nasdaq listing.
DTC is the world’s better balance archive which acts as a bazaar brand for exchanges. Bitfarms will activate trading on Nasdaq on Jun. 21, 2024.
The close started trading on Toronto Stock Exchange (TSX) in July 2024.
Bitfarms owns five industrial-scale Bitcoin mining accessories amid in Québec, Canada. The close uses hydroelectric ability to run the machines. It’s one of a few about traded companies to abstract 99% of its ability from renewable activity sources.
The aggregation additionally adapted all banknote in its antithesis area to Bitcoin beforehand this year. According to its latest banking address published on Jun. 10, the close added 1,114 Bitcoin it had mined to its treasury. The backing were account $41 actor back Bitcoin was priced at $37,000.
Bitfarms joins a account of added about traded Bitcoin mining firms, including Marathon and RIOT.
The allotment amount of such companies generally follows Bitcoin’s amount trend. Both Marathon and RIOT accept acquaint college assets than Bitcoin this year. Their animation has additionally been decidedly larger.
BITF jumped 11.12% college on the account of Nasdaq listing, aftermost trading at a amount of $5.39.
