The securities will be listed in the Global Select Market category under the ticker BITF, where shares of companies related to the mining of cryptocurrencies are already traded.
Mining company Bitfarms has announced the listing of its shares on the NASDAQ stock exchange. The securities will be listed in the Global Select Market category, where the shares of companies related to the mining of cryptocurrencies are already traded.
The listing date is currently unknown as the NASDAQ has just approved Bitfarms‘ application. The company’s shares will be traded under the ticker BITF. A similar ticker is used for Bitfarms securities for trading on the Toronto Stock Exchange.
📢 Bitfarms today announces Bitfarms’ application to list its common stock on the @Nasdaq Global Market® was approved by The Nasdaq Stock Market (“Nasdaq”) under the symbol “BITF”. pic.twitter.com/VckX1MiMGV
— Bitfarms (@Bitfarms_io) May 7, 2021
At the end of April, Bitfarms announced the opening of a 210 MW mining center in Argentina. According to the company’s calculations, this capacity will be enough for the uninterrupted operation of 55 thousand miners of the latest generation.
Bitfarms is one of the largest cryptocurrency mining companies in the United States. Its data centers consume 69 MW and provide 1,420 PH / S of computing power.
Bitfarms operates blockchain computing centers that power the global decentralized financial economy. Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity, Bitfarms operates five facilities in Québec, Canada.
Earlier on NASDAQ took place a direct listing of shares of the largest US cryptocurrency exchange Coinbase. Immediately after the opening of trading, the price of the securities was $ 381, with a set reference price of $ 250.
Within a few hours, the shares rose by 12.5% to $ 429.5, but then quotations began to decline and reached a local minimum of $ 315. The closing price was $ 328.28, as of May 10 on the US premarket the securities are traded at $ 261.
