Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week

Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week
фото показано с : news.bitcoin.com

2021-6-18 13:30

The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.”

Bitfarms Renewable Operations to List on Nasdaq Global Select Market

The Canadian bitcoin mining firm Bitfarms announced on Thursday that the company will be listed on Nasdaq on Monday, June 21. The company is already listed on the TSX Venture Exchange and leverages the ticker “BITF.”

For the Nasdaq listing, the company will utilize the same ticker symbol. According to the announcement, Bitfarms has obtained DTC eligibility which essentially means shares can be deposited through DTC, the largest securities depository in the world.

“Listing on Nasdaq is an important achievement for Bitfarms and is a significant milestone following multiple years of development and achievement by the company,” Bitfarms’ founder and chief executive officer Emiliano Grodzki said during the announcement.

“We started this company four years ago with a clear belief in the institutional adoption of Bitcoin and Bitcoin mining. This belief has guided us as we worked to build one of the largest Bitcoin mining operations worldwide,” Grodzki added.

Bitfarms’ website says that it currently operates 69 megawatts of energy and dedicates around 1,420 petahash per second (PH/s) of SHA256 hashrate. The rate of Bitfarms’ facilities located in Quebec turns out to be around 1.42 exahash per second (EH/s).

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Bitfarms operates bitcoin mining plants in the Quebec regions of Farnham, Cowansville, Sherbrooke, Saint-Hyacinthe, and Magog. Bitfarms is not the only crypto mining company getting listed these days as Hut 8 Mining was also approved for Nasdaq listing earlier this week.

However, Grodzki details that Bitfarms will be the largest publicly traded miner, in terms of hashrate and operations nearly all powered by green energy.

“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,” Grodzki remarked.

Statistics, at least according to both firm’s websites, shows Bitfarms has a bit more hashpower than Hut 8. While Hut 8 consumes 109 megawatts of energy, the firm’s mining operations in Medicine Hat and Drumheller, Alberta dedicate around 1,073 PH/s of SHA256 hashrate to secure the Bitcoin network.

What do you think about Bitfarms listing shares on Nasdaq? Let us know what you think in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Доступно / Всего 0 BITN

company mining firm global nasdaq trading bitfarms

company mining → Результатов: 126


Фото:

PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04


Kutcho Copper Opens MineHub Metals & Mining Blockchain Supply Chain Technologies

Kutcho Copper Corp. has announced the launch of its MineHub Technologies Inc with a syndicate of industry partners including a senior mining company, one of the world’s largest streaming companies, an international base and precious metals and concentrates trading company that specializes in providing trading and financing solutions for miners and smelters and a global […]

2018-7-13 20:39


Фото:

Fully autonomous trains are better suited for moving ores than people

Australian mining company Rio Tinto’s high-tech train completed the first fully autonomous delivery of iron ore in Western Australia’s Pilbara. The autonomous train, consisting of three locomotives, carried about 28,000 tonnes of iron ore across 280 km from the company’s mining operations in Tom Price to the port of Cape Lambert on July 10.

2018-7-13 14:33


Фото:

Texas reform issues have been demolished and ordered to the Crypto Company Network

Regulation The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. Utah-based companies Mintage Mining LLC, Symatri LLC, NUI Social, Social Membership Network Holding LLC, and BC Holdings and Investments LLC are named in the emergency cease and desist order. In

2018-7-13 12:02


CoinEx Crypto Exchange Upgrades to Trade-Driven Mining For Higher Yields

The CoinEx cryptocurrency exchange has decided to upgrade the terms of the trade-driven mining model. CoinEx Tokens (CET) are issued to users instead of giving back transaction fees. The company, a subsidiary of ViaBTC, told the community in an announcement on Wednesday that their ‘trade-driven mining’ feature received important popularity and reviews among global users […]

2018-7-12 00:37


Экс-зампред «Газпрома» и директор РЖД выкупил половину российской майнинговой компании

«Русская холдинговая компания» (РХК), частично принадлежащая бывшему заместителю председателя «Газпрома» Александру Рязанову, 25 июня приобрела 50% поставщика оборудования для майнинга криптовалют ООО «Центр обработки данных» (New Mining Company). Об этом свидетельствуют данные с...

2018-7-9 19:54


Bitmain’s Bitcoin Mining Company Evaluation is Near $12 Billion After New Funding

$12 Billion: The Value of Mining Giant Bitmain in the New Funding Round Bitmain, the Chinese bitcoin mining giant reportedly closed a Series B funding that valued the company at around $12 billion. Caixin, Chinese business media reported on Friday the equity financing was somewhere between $300 and $400 million, though it is still unclear […]

2018-7-7 23:43


Фото:

Japanese Man Free Company Electricity $ 500 Mutual Inc Mining

Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. Also read: Japan Gives Jail Sentence to Crypto Miner in a Remote Mining Case An Extraordinary Income “Virtual currencies are processed cryptographically,” Sora-san, a Japanese man working in a major Japanese manufacturing

2018-7-6 11:38


Фото:

Japan’s Module Platform Offers Users the Chance to Earn Cryptocurrency with Their Gadgets

The company has already collected more than $2 million through a private sale of its coins. This is not surprising, as this platform has the potential to turn the cryptocurrency market on its head in several different ways: secure mining, storage of a large amount of data using gadgets around the world, and financing of blockchain through the creation and development of decentralized applications (DApps).

2018-7-5 20:00


Computer used to play games and can mine while not being used becomes available to Russian market

The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The platform is a hybrid between a powerful gaming computer and a cryptocurrency mining device boasting enough capacity to fulfill both functions. The new Russian gaming PC is

2018-7-3 22:55


Kaspersky Lab Releases Malicious Crypto Mining “CryptoJacking” Report

Kaspersky Lab, one of the leading cyber security companies in the world has warned of malevolent personalities who have shifted from ransomware to crypto-jacking. The company, which is based in Russia, indicated that ransomware attacks were fast spreading in which a malevolent folder deadbolts a computer until ransom is paid. The company could not however […]

2018-6-30 19:43