Bitcoin mining is entering a new era of transparency, sustainability, and institutional adoption — and Bitfarms is at the forefront. The Canada-based mining company has announced its upcoming listing on the Nasdaq Global Market under the ticker symbol BITF, set for June 21. This milestone marks a significant step forward for sustainable cryptocurrency mining and reinforces growing confidence in proof-of-work (PoW) as an environmentally responsible industry.
Bitfarms will continue trading on the TSX Venture Exchange while expanding its presence on one of the world’s most prestigious stock exchanges. The company confirmed that its common shares have received DTC eligibility, facilitating smoother trading access for U.S. investors and institutional portfolios.
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A Strategic Move Toward Institutional Legitimacy
Emiliano Grodzki, CEO of Bitfarms, emphasized the importance of this transition:
“Listing on Nasdaq is a major achievement and a key milestone in our company's evolution. We founded this company four years ago with a strong belief in the institutional adoption of Bitcoin and its mining ecosystem.”
This dual-exchange strategy strengthens Bitfarms’ position as a bridge between traditional finance and decentralized technology. As more publicly traded miners migrate to U.S. exchanges, it signals increasing acceptance of Bitcoin mining as a legitimate, scalable, and sustainable business model.
Michael Saylor, CEO of MicroStrategy — one of the earliest corporate adopters of Bitcoin — echoed this sentiment:
“The growing number of publicly listed Bitcoin miners and their move to U.S. exchanges reflects broader institutional adoption and strong conviction in the PoW mining business model.”
With Bitfarms joining established names like Marathon Digital Holdings and Riot Blockchain on Nasdaq, the landscape of North American crypto mining is becoming more competitive, transparent, and environmentally accountable.
Leading with Renewable Energy: 99% Green Power
One of Bitfarms’ most compelling differentiators is its commitment to clean energy. Over 99% of its electricity supply comes from renewable hydropower, primarily sourced from Quebec and Ontario — regions known for abundant hydroelectric resources.
This high reliance on green energy directly addresses one of the most persistent criticisms of Bitcoin mining: its environmental impact. By leveraging low-cost, sustainable power, Bitfarms not only reduces carbon emissions but also ensures long-term operational efficiency and regulatory compliance.
The company’s focus on sustainability enhances investor appeal, particularly among ESG-conscious funds and institutions seeking exposure to digital assets without compromising environmental standards.
Expanding Operations and Hashrate Growth
Since 2019, Bitfarms has aggressively expanded its footprint in Quebec, developing large-scale mining facilities powered entirely by renewable sources. In 2025, the company took another strategic step by joining Foundry USA Pool, a subsidiary of Barry Silbert’s Digital Currency Group.
This partnership boosted Bitfarms’ network hash rate by 15%, improving mining efficiency and block validation success rates. Foundry USA is one of the largest mining pools in North America, offering robust infrastructure and support for institutional-grade operations.
Grodzki added:
“We’re proud to be leaders in the industry — setting the highest standards for ourselves and our operations. Listing on one of the world’s most respected exchanges makes us even more excited about what’s next.”
Strengthening Decentralization Amid Industry Shifts
As domestic mining operations face regulatory challenges in certain regions, Bitfarms’ growth contributes to the decentralization of global hash power. A more geographically distributed mining network increases Bitcoin’s resilience against censorship and centralized control.
By establishing a strong presence in North America with sustainable practices, Bitfarms helps counterbalance mining concentration in other parts of the world. This aligns with core Bitcoin principles: decentralization, security, and open participation.
Moreover, increased transparency through public reporting requirements on U.S. exchanges builds trust among retail and institutional stakeholders alike.
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Frequently Asked Questions (FAQ)
Q: What is Bitfarms’ ticker symbol on Nasdaq?
A: Bitfarms will trade under the ticker symbol BITF on the Nasdaq Global Market starting June 21.
Q: Is Bitfarms still listed on the TSX Venture Exchange?
A: Yes, the company will maintain its listing on the TSX Venture Exchange while adding Nasdaq as a secondary listing venue.
Q: How does Bitfarms source its renewable energy?
A: The majority of Bitfarms’ energy comes from hydroelectric power plants in Quebec and Ontario, Canada — regions with stable, low-cost, and clean energy grids.
Q: Why is listing on Nasdaq important for a Bitcoin mining company?
A: Nasdaq listing enhances credibility, improves access to institutional capital, increases liquidity, and demonstrates compliance with stringent financial and governance standards.
Q: Does Bitfarms use fossil fuels for mining?
A: No. Over 99% of Bitfarms’ energy mix is renewable, primarily hydropower, making it one of the most environmentally sustainable miners globally.
Q: How did joining Foundry USA Pool benefit Bitfarms?
A: The partnership increased Bitfarms’ effective hash rate by 15%, improving mining performance and network contribution through enhanced pool infrastructure.
The Future of Sustainable Bitcoin Mining
Bitfarms’ Nasdaq debut isn’t just a corporate milestone — it’s a signal of maturation for the entire Bitcoin mining sector. As environmental concerns drive innovation, companies that prioritize clean energy, transparency, and institutional alignment are poised to lead.
The convergence of renewable energy infrastructure and blockchain technology presents a powerful opportunity: building a digital economy that’s not only secure and decentralized but also environmentally responsible.
With strong leadership, proven operations, and a clear vision for sustainable growth, Bitfarms exemplifies how modern mining can align profit with purpose.
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