Bitcoin Miner Digihost to Face Delisting
The post Bitcoin Miner Digihost to Face Delisting appeared first on Coinpedia Fintech News
Bitcoin miner Digihost has been threatened with delisting by Nasdaq after it traded below $1 for 30 days in a row. This puts it in danger of losing its place on the main U.S. stock markets.
By trading for $1 or more for at least 10 straight days, the miner has 180 days to get back in conformity with the Nasdaq listing regulations. However, the application indicated that it might be qualified for an extended 180 compliance period.
In a document submitted to the U.S. Securities and Exchange Commission on Friday, Digihost stated that “The Company’s business operations are not affected by the receipt of the Notification Letter and the Company fully intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules”
