On May 7, Bitfarms declared its clearance to list on the Nasdaq Global Market, a publicly traded bitcoin mining company.
The time frame for the listing is currently uncertain, but the company said it moves “short” to “confirm common shares of Bitfarms are available for electronic clearing and settlement through the DTC.”
“We plan to inform the sector more as we hear about the timing of the acceptance. When the approval is received, the first date ‘BITF’ starts trading on Nasdaq will be announced “In a tweet, Bitfarms said.
The company has announced it would use the BITF ticker for its listing on the Toronto Stock Exchange (TSX).
The evolution comes with the attention paid to publicly trading Bitcoin mining companies in recent months. The Bitcoin miners reported revenue of $1.7 billion last month.