Toronto-based bitcoin mining business Bitfarms It announced that it will begin trading under the symbol “BITF” on the Nasdaq Stock Exchange on June 21. The company’s common stock has earned DTC eligibility and will retain its listing on the TSX Venture exchange, according to Tweet topic From the company.
“The listing on Nasdaq is a significant achievement for Bitfarms and a milestone after many years of development and achievement by the company,” according to the thread, which quoted the CEO Emiliano Grodzki. “We started this company four years ago with a clear belief in institutional adoption of bitcoin and bitcoin mining.”
The thread also noted that the Nasdaq listing would make Bitfarms the largest publicly traded bitcoin mining company in North America that uses nearly 100% hydroelectric and renewable energy. While the often misguided concerns about the energy consumption of bitcoin mining have been around for years, the controversy surrounding the issue persists. recently caught. Bitfarms’ reliance on renewable energy sources is one example of how Bitcoin mining is a remarkably efficient way to convert energy into value.
“We are proud to be an industry leader in setting the highest standards for ourselves and our mining operations and for being listed as one of the most prestigious exchanges in the world,” Grodzki said, on the subject. “Having reached this milestone, we are even more excited about what our company will take next.