Canadian cryptocurrency mining firm Bitfarms has completed its merger with Tel Aviv-listed company turned crypto mining company Blockchain Mining Ltd., announced in a filing to the Tel Aviv Stock Exchange Sunday.
The merger creates the first company with cryptocurrency as its core business to be listed on the exchange.
The two companies first announced the merger deal—and the plan to list on the Tel Aviv Stock Exchange as a crypto-focused company—in December 2017, but faced scrutiny from the Israeli regulator. In March, the companies announced that the Israeli Securities Authority had completed its investigation into the merger.
Bitfarms operates four facilities in the Québec province and is currently building a fifth computing center.