Wednesday January 27, 2021
Bitcoin (BTC) $32,176.00   Ether (ETH) $1,318.74
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Mining

Bicoin mining firm Hut 8 conditionally approved to be listed on TSX

Hut 8 would be the first company to be listed via TSX Sandbox and the first blockchain or cryptocurrency company to be listed on the TSX.

Published by CryptoNinjas.net
09/24/2019

Hut 8, one of the world’s largest public cryptocurrency mining companies by operating capacity and market capitalization, announced today that it has been conditionally approved to be listed on the Toronto Stock Exchange (TSX) via TSX Sandbox.

TSX Sandbox is an initiative intended to facilitate listing applications that may not satisfy all requirements and guidelines of TSX, but due to facts or situations unique to a particular issuer otherwise, warrant a listing on TSX.

“Our move to the TSX, the senior public market of the TMX Group, is another significant step in our evolution to provide improved liquidity and enhanced public disclosure to investors. We are grateful to the TSX for conditionally approving Hut 8 to be the first company through the TSX Sandbox.”
– Andrew Kiguel, Chief Executive Officer of Hut 8

The Process

While in the TSX Sandbox program, Hut 8’s common shares will trade in the same manner as other TSX listed companies. Hut 8 will exit the TSX Sandbox program upon the receipt of a prospectus (including a non-offering prospectus), and no significant compliance issues for a 12-month period.

If there is a significant compliance issue that occurs, the 12-month period resets. Also related to this TSX listing, Hut 8 will appoint a new corporate secretary. Hut 8 will provide further disclosure regarding the timing for the finalization of the uplisting to the TSX.

In addition, Hut 8 is required to disclose the following two risk factors that were also disclosed in the most recent Annual Information Form:

(1) The value of the Hut 8 shares relates directly to the value of the Bitcoins held directly or indirectly by the company, and (2) fluctuations in the price of Bitcoins could materially and adversely affect an investment in the Hut 8 shares.

In March 2018, Hut 8’s common shares commenced trading on the TSX Venture Exchange (TSXV) under the symbol HUT. While in December 2017, Hut 8 along with Bitfury set up the largest known bitcoin mining center in North America.

8
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Hut8 Crypto Ninjas

Hut 8 mines record amount of bitcoin (BTC) for Q2 2019

07/08/2019

Hut 8 adds 12 Bitcoin mining BlockBoxes to Drumheller Facility

11/12/2018

Hut 8 advances construction of new cryptocurrency mining center

05/07/2018

Cryptocurrency miner Hut 8 goes public on the TSX-V

03/06/2018

Hut 8 and Bitfury to set up largest bitcoin mining center in North America

12/04/2017
Load More
Leave Comment

Recent Updates

BitPay adds the Changelly crypto exchange API to app

Ibanera to use Fireblocks for secure crypto service management

Mercuryo expands its fiat-to-crypto gateway to the US with Zero Hash

Crypto derivatives exchange Bit.com integrates with Copper ClearLoop for off-exchange settlement

Financial blockchain Findora opens applications for $5M grant program

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

Japan’s Coincheck lists Enjin Coin (ENJ) after regulatory approval

Crypto exchange Bitpanda opens pre-orders for Visa debit card

Moonbeam and Ocean Protocol to bring a new data economy to Polkadot

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version