Bitfarms, the Argentine company turned unicorn with the surge of Bitcoin

Along with the current corporate structure, the status of unicorn was enabled by a rise to US$45,821in the price of bitcoin (BTC).

RIO DE JANEIRO, BRAZIL - Argentine cryptocurrency mining company Bitfarms became the country's ninth to reach unicorn status after yesterday's Bitcoin surge in value to US$45,821.

Two Argentine founders succeeded in raising Bitfarms' business valuation to over US$1 billion, placing the business, operating in Canada and listed both on Wall Street and the Toronto Stock Exchange, among Mercado Libre, Globant, Despegar and OLX, to name a few.

The company founded by Emiliano Grodzki and Nicolás Bonta in 2017 and driven by the BTC's higher value since May and China's increasing restrictions on cryptocurrency . . .

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