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Bitfarms (BFARF) Stock Rockets on Nasdaq Uplisting News

The rally in the crypto space has also led to considerable interest in the stocks of companies that are involved in the sector. This past Friday, it was the Bitcoin farming firm Bitfarms Ltd (OTCMKTS:BFARF) that saw its stock soar by as much as 25%.

The stock has come into focus among many investors since it is now in the process of preparing for an uplisting. At this point, the stock trades on the OTC Markets and it is looking to uplist to the NASDAQ Global Market.

More importantly, Bitfarms announced that it has already been awarded the approval for uplisting to NASDAQ. At this point, the company only has to ensure that its shares have the approval for electronic clearing as well as a settlement that is done by way of the Depository Trust Company. That being said, Bitfarms noted that it does not yet know when the approval is going to be given.