During the first week of January 2022, a Nasdaq-listed Bitcoin mining firm bought 1,000 Bitcoin. Thus, increasing the number of Bitcoins the company holds to 4,300 BTC tokens.
In a report released on Monday, the Canadian company announced its purchase of over $43.2 million worth of Bitcoins. This purchase resulted in a 30% increase in their possession of the token from its previous storage balance.
Bitfarms is one of the leading cryptocurrency mining companies in both the United States and Canada. In July 2019, the company’s shares were listed and started trading on TSX-V (TSX Venture Exchange), and in June 2021, it started trading on the Nasdaq Stock market.