OTC Markets Group (OTCQX) Begins Trading Blockchain Mining (BLLCF)
OTC Markets Group Hosts Blockchain Mining Ltd. To OTCQX
OTC Markets Group Inc., has announced that Blockchain Mining Ltd has qualified to trade on the OTCQX® Best Market.
Blockchain Mining begins trading 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.
OTC Markets is an operator of financial markets for 10,000 U.S. and global securities. Meanwhile Blockchain Mining Ltd., through its transaction with Backbone Hosting Solutions Inc. owns and operates blockchain farms that power the global decentralized financial economy.
Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group said they 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.
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.
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.
Wes Fulford, Chief Executive Officer for Blockchain Mining said the company 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, he added.