{"id":71469,"date":"2022-12-14T18:18:05","date_gmt":"2022-12-14T16:18:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71469"},"modified":"2025-09-08T09:03:05","modified_gmt":"2025-09-08T06:03:05","slug":"nasdaq-warns-bitcoin-miner-bitfarms-of-potential-delisting","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nasdaq-warns-bitcoin-miner-bitfarms-of-potential-delisting\/","title":{"rendered":"Nasdaq warns Bitcoin miner Bitfarms of potential delisting"},"content":{"rendered":"

Mining company Bitfarms received<\/a> notification from Nasdaq of a possible delisting for violating its rules.<\/p>\n

The company’s shares had closed for 30 consecutive days below the $1 threshold. Now Bitfarms, for the 180-calendar-day period ending 12 June 2023, must regain compliance with the standards in order to continue trading on the NASDAQ platform.<\/p>\n

The company emphasised that the Nasdaq letter is a warning and does not affect trading of the company’s shares. Bitfarms is also listed on the Toronto Stock Exchange.<\/p>\n

In early 2022, the company’s share price reached $5.22. From that level the stock had fallen about 89%. As of writing, premarket values the shares at $0.57.<\/p>\n

\"Nasdaq
Data: Nasdaq<\/a>.<\/figcaption><\/figure>\n

During this period, comparable declines in prices were shown by most public mining companies. For example, Argo Blockchain’s fell by 97% \u2014 from $1.225 to $0.045.<\/p>\n

On Friday, December 9, the exchanges halted trading of the company’s shares<\/a> after an erroneously published bankruptcy filing. Argo Blockchain said it did not intend to declare insolvency and is seeking additional financing.<\/p>\n

Despite the clarifications, when trading resumed on December 13, the shares closed the session down more than 40% from the opening price of $0.077.<\/p>\n

In late October warned of liquidity problems<\/a> and possible cessation of operations. The firm was unable to complete a \u00a324 million sale of shares.<\/p>\n

Bitfarms, for the third quarter, posted a net loss of $85 million<\/a> versus $142 million in the prior period<\/a>.<\/p>\n

In June the company was among the leaders of massive liquidations<\/a> of its bitcoin reserves by public miners, with its selling volume trailing only Core Scientific<\/a>.<\/p>\n

Read ForkLog’s bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mining company Bitfarms has received a notification from Nasdaq about a possible delisting for violating its rules.<\/p>\n","protected":false},"author":1,"featured_media":71470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1184,1166,1137,768],"class_list":["post-71469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfarms","tag-centralized-exchanges-cex","tag-cryptocurrency-mining","tag-nasdaq"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=71469"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71469\/revisions"}],"predecessor-version":[{"id":71471,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71469\/revisions\/71471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71470"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}