Bitcoin Mining Firm Bitfarms Meets Nasdaq Listing Requirements
Bitfarms faced potential delisting from Nasdaq after the stock exchange company told the Bitcoin mining firm that the stock price is not in compliance with listing requirements as it continued to trade under $1 for several months. Nonetheless, the recent rally in Bitcoin and rising mining activity pushed Bitfarms shares higher. advertisement Bitfarms Regains Compliance With Nasdaq Listing According to a press release on May 1, Bitfarms received confirmation on its continued listing from the Nasdaq stock exchange. The Bitcoin mining firm has now regained compliance with the minimum bid price requirement of $1 per share under the Nasdaq Listing Rule 5550(a)(2). In December, Nasdaq sent a notice to Bitfarms that its stock price has failed to comply with the minimum bid price requirement of $1 per share over 30 consecutive trading days. If the stock price doesn’t recover and trade over $1 for at least 10 days in the next six months, Bitfarms risks delisting....