Renowned Canadian crypto-related company Hut 8 Mining won approval for its shares to be listed on the Nasdaq Global Select Market.
The Toronto-based firm will trade beneath the Nasdaq ticker “HUT,” it revealed earlier on Wednesday.
Hut 8 will retain its listing on the Toronto stock market beneath the same ticker. The company revealed earlier in April that it had been seeking to boost C$500 Mln [US$400 Mln] over a 25-month period in its latest security offering.
Although primarily focused on Bitcoin [BTC, +1.38%], Hut 8 outlined earlier in March that it purchased $30 Mln worth of Nvidia’s crypto-focused graphics card to mine Ethereum [ETH, -2.13%] alongside other crypto assets.