Canadian crypto mining company Hut 8 Mining won approval for its shares to be listed on the Nasdaq Global Select Market.

  • The Toronto-based firm will trade under the ticker "HUT," it said Wednesday.
  • Hut 8 will retain its listing on the Toronto Stock Exchange under the same ticker.
  • The mining company announced in April it was seeking to raise C$500 million (US$400 million) over a 25-month period in its latest security offering.
  • Although primarily focused on bitcoin, Hut 8 said in March it purchased $30 million worth of Nvidia's crypto-focused graphics card to mine ether along with other cryptocurrencies.

Read more about...

CanadaNasdaqHut 8 Mining
Disclosure
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.