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OTC Markets Group Welcomes Blockchain Mining Ltd. to OTCQX

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OTC Markets Group Welcomes Blockchain Mining Ltd. to OTCQX

PR Newswire

NEW YORK, July 25, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Blockchain Mining Ltd. ("BLCM" or the "Company") ((TASE: BLCM.TA, OTCQX:BLLCF), which through its transaction with Backbone Hosting Solutions Inc. (operating as "Bitfarms"), owns and operates blockchain farms that power the global decentralized financial economy, has qualified to trade on the OTCQX® Best Market.

Blockchain Mining begins trading today on the OTCQX under the symbol "BLLCF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

"We are pleased to welcome Blockchain Mining as the first Tel Aviv Stock Exchange-listed company to begin cross-trading on the OTCQX Best Market this year," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "As evidenced in a recent study conducted by Oxford Metrica, OTCQX provides international companies with increased US ownership, improved liquidity in their home market and enhanced shareholder value. We look forward to supporting Blockchain Mining as the Company builds visibility and long-term shareholder value in the U.S. public markets."

"Blockchain Mining is delighted to have been accepted on the OTCQX Best Market. Creating further exposure to U.S. investors is of key strategic importance as we continue to progress our operational expansion. This action has been part of a plan to build an active trading market for BLCM in North America, allowing investors to hold and trade the ordinary shares directly. As previously disclosed, the ordinary shares traded on OTCQX will replace the current ADR program," said Wes Fulford, Chief Executive Officer for the Company."

Blockchain Mining was sponsored for OTCQX by J.P. Galda & Co., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. 

The listing of the ordinary shares on the Tel-Aviv Stock Exchange is unaffected by the trading of the ordinary shares in North America.

About Blockchain Mining Ltd.
Blockchain Mining Ltd., through its transaction with Backbone Hosting Solutions Inc. (Bitfarms), owns and operates blockchain farms that power the global decentralized financial economy. Bitfarms provides computing power to cryptocurrency networks such as bitcoin, bitcoin cash, ethereum, litecoin and dash, earning fees from each network for securing and processing transactions, 24 hours a day, seven days a week. Since 2013, predecessors to Bitfarms have constructed 4 farms in Québec, Canada, which have 27.5 MW of installed capacity and over 200 Ph/s of installed hash-power. Bitfarms' construction pipeline includes an additional 5 farms with a total of 162.5 MW of power capacity, including current operations.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

OTC Markets Group logo. (PRNewsFoto/OTC Markets Group)

 

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SOURCE OTC Markets Group Inc.

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