Hut 8 Mining, a major North American bitcoin mining company, has been accepted for Nasdaq listing under the ticker name HUT. In addition, the corporation is traded on the Toronto Stock Exchange (TSX).
Hut 8 Mining Corp. announced on Thursday that its common shares will trade under the ticker code HUT on the Nasdaq Global Select Market (Nasdaq). The global select market, according to Nasdaq’s website, “has the strictest initial listing standards of any exchange in the world.”
“One of North America’s oldest and largest innovation-focused bitcoin miners,” according to Hut 8 Mining. It is incorporated and managed under British Columbia’s Business Corporations Act. The majority of the company’s directors and officers are based in Canada.
Under the symbol HUT, the corporation is also traded on the Toronto Stock Exchange (TSX). On the TSX exchange, it was the first publicly traded bitcoin miner. Hut 8’s TSX listing will stay intact, according to the company.
Hut 8 Mining’s stock is already listed on the OTCQX under the symbol HUTMF. On the OTCQX Best 50 for 2021, Hut 8 Mining is ranked 11th (out of 10,000).
After filing the F-10 form with the US Securities and Exchange Commission (SEC) on March 10, the business announced its intent to list on Nasdaq on May 12.
Hut 8 Mining is also a founding member of the Bitcoin Mining Council, which is described on its website as a “voluntary and open forum of bitcoin miners committed to the network and its core principles.” “We support openness, best practices, and public education on the benefits of bitcoin and bitcoin mining.” Following a discussion between Tesla CEO Elon Musk and a number of big North American bitcoin miners, the council was founded. Microstrategy CEO Michael Saylor hosted the meeting.