{"id":542541,"date":"2023-01-23T16:43:14","date_gmt":"2023-01-23T13:43:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-miner-argo-regains-compliance-with-nasdaq-minimum-bid-price-rule\/"},"modified":"2023-01-23T16:43:14","modified_gmt":"2023-01-23T13:43:14","slug":"bitcoin-miner-argo-regains-compliance-with-nasdaq-minimum-bid-price-rule","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-miner-argo-regains-compliance-with-nasdaq-minimum-bid-price-rule\/","title":{"rendered":"# Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39460de38d0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39460de38d0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-miner-argo-regains-compliance-with-nasdaq-minimum-bid-price-rule\/#%E2%80%9D_Bitcoin_miner_Argo_regains_compliance_with_Nasdaq_minimum_bid_price_rule_%E2%80%9C\" >&#8221; Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_miner_Argo_regains_compliance_with_Nasdaq_minimum_bid_price_rule_%E2%80%9C\"><\/span>&#8221; Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq.<\/p>\n<p>Argo officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/argoblockchain.com\/news-room\/regain-nasdaq-compliance\">announced<\/a> on Jan. 23 that the company regained compliance with Nasdaq\u2019s minimum bid price rule amid the share price recovery.\u00a0<\/p>\n<p>The Nasdaq stock market listing qualifications department has informed Argo that it successfully met a requirement to maintain a minimum closing bid price of $1 for ten consecutive trading days. This requirement was met on Jan. 13, with Nasdaq confirming that it considers the matter closed.<\/p>\n<p>The announcement comes about a month after Nasdaq <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/argoblockchain.com\/news-room\/2022-december-nasdaq-notification\">notified<\/a> Argo on Dec. 16 that the firm wasn\u2019t compliant with Nasdaq&#8217;s minimum bid price requirement. The issue was due to Argo\u2019s common stock failing to maintain the minimum bid price of $1 over the previous 30 consecutive business days, as required by Nasdaq\u2019s listing rules. <\/p>\n<p>Moreover, financial problems amid escalating energy costs and the falling Bitcoin (BTC) prices had forced the mining company to suspend trading on Nasdaq momentarily.<\/p>\n<p>Argo\u2019s American depositary shares (ADS) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/press-release\/argo-announces-closing-of-u.s.-initial-public-offering-2021-09-27\">started<\/a> trading on the Nasdaq Global Select Market under the ticker symbol ARBK in September 2021. Debuting at a price of $15, ARBK shares have been gradually selling off, eventually tumbling below $1 in October 2022.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Argo Blockchain sells top mining facility to Galaxy Digital for $65M<\/em><\/strong><\/p>\n<p>ARBK shares started recovering subsequently after Nasdaq warned the firm about becoming noncompliant in December. According to data from TradingView, Argo\u2019s stock briefly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-ARBK\/\">reached<\/a> $1 on Dec. 30 but failed to maintain the price. After retesting $1 on Jan. 3, ARBK stock has continued to be trading above the price level. On Jan. 20, the stock closed at $1.73.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/5e8f89fc-68d0-4c1c-b1c1-8fa648a67df7.png\"><figcaption style=\"text-align: center;\"><em>ARBK\u2019s 30-day price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Argo is not the only publicly-listed Bitcoin mining firm that has been struggling to maintain its share prices above $1. On Dec. 15, the Canadian Bitcoin mining company Bitfarms received a similar warning from Nasdaq over its Bitfarms shares (BITF).<\/p>\n<p>Unlike ARBK, Bitfarms\u2019 shares have not recorded enough growth to comply with Nasdaq\u2019s listing rules yet. After breaking above $1 on Jan. 12, BITF <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-BITF\/\">tumbled<\/a> below the threshold again on Jan. 18. According to Nasdaq&#8217;s requirements, Bitfarms has to have its shares trading above $1 for at least 10 days before June 12, 2023.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miner-argo-regains-compliance-with-nasdaq-minimum-bid-price-rule\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule &#8220; Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq. Argo officially announced on Jan. 23 that the company regained compliance with Nasdaq\u2019s minimum bid price rule amid the share price recovery.\u00a0 The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":542542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/c095813f-9b8b-4075-a801-e2c99f6ea992.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75042,117,72332,70359],"class_list":["post-542541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-mining","tag-business","tag-nasdaq","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=542541"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/542542"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=542541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=542541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=542541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}