Israel’s Blockchain Mining Bets on Overseas Listings for Survival


Blockchain Mining, the Israeli gold and iron ore extractor turned cryptocurrency miner, is working towards flotations on NASDAQ and the Toronto Stock Exchange (TSE) in a move that may very well ensure its survival given the regulatory backlash in its home country.

Roy Sebag, CEO of Blockchain Mining, disclosed the plans on Tuesday in an interview for Reuters. Sebag, who is also a controlling shareholder in the company, said the idea was to offer investors shares and advanced depositary receipts (ADRs). Blockchain Mining is currently conducting a financial audit, expecting its completion by the end of June and then listing by July.

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