Canadian bitcoin mining company Bitfarms is facing compliance issues on its Nasdaq listing due to the ongoing cryptocurrency winter.
Bitfarms received a warning from Nasdaq on December 13 because the company’s share price has remained below $1 for 30 consecutive trading days.
Bitfarms announced the news on December 14, saying it had an initial deadline of 180 calendar days to comply with Nasdaq requirements.
To regain compliance, Bitfarms shares must close at $1 per share. stock for at least 10 consecutive days at any time prior to June 12, 2023. In such event, Nasdaq staff will notify Bitfarms in writing that they have achieved compliance. , the ad says.