• Argo Blockchain announced that they have regained compliance with Nasdaq Listing Rules after fulfilling the minimum bid price required.
• The cryptocurrency miner had received a notice from Nasdaq on Dec. 16, 2022, stating that their stock closed below the minimum $1.00 for 30 consecutive trading days.
• Argo fulfilled the requirement on Jan. 13, 2023 and Nasdaq has confirmed the matter to be closed.

Argo Blockchain, a major cryptocurrency mining company, has won back compliance with Nasdaq Listing Rules after fulfilling the minimum bid price required by Nasdaq. On January 23, 2023, Argo Blockchain released a press statement announcing that they had received a notification from Nasdaq’s Listing Qualifications Department informing them that they had regained compliance with the listing rule of the American stock exchange giant.

The cryptocurrency miner had received a notice from Nasdaq on December 16, 2022, stating that the company’s stock closed below the minimum $1.00 for 30 consecutive trading days. This meant that Argo was required to rectify the situation by June 12, 2023. Fortunately, Argo fulfilled the requirement on January 13, 2023 and Nasdaq has confirmed the matter to be closed.

The news of Argo’s compliance with Nasdaq’s rules comes as a relief to the company, who had been facing liquidity issues and making efforts to avoid filing for bankruptcy. The company had even asked the UK Financial Conduct Authority (FCA) to restore trading of its ordinary shares on the London Stock Exchange in an effort to raise enough funds to keep their operations going.

With Argo now back in compliance with Nasdaq’s rules, the company can rest assured that their stock will remain on the exchange. This will give Argo the opportunity to continue their operations and serve as a beacon of hope for other cryptocurrency miners in similar situations.