Canadian bitcoin miner Bitfarms approved for nasdaq listing

Toronto-based cryptocurrency mining company, Bitfarms has been approved to list its common stock on the Nasdaq Global Market.

Canadian bitcoin miner Bitfarms approved for nasdaq listing

Nasdaq has approved the company’s common stock listing under the ticker BITF on the Nasdaq Global Market.

Bitfarms stock on the TSX Venture Exchange, formerly listed as BFARF, will adopt the new ticker.

The stock will go live for trading once Bitfarms shares are cleared for electronic settlement, which are in the last step in listing process.

The crypto mining company’s listing is a gigantic example of the increasing legitimacy that Bitcoin mining industry has experienced lately alongside bitcoin itself.

Nasdaq’s market has three tiers and each of them feature different levels of capital and financial requirements. The tier which requires bigger financials and larger cash flows is the Nasdaq Global Select, followed by Nasdaq Global Markets and Nasdaq Capital Market.