Canada-based Bitcoin (BTC) miner Bitfarms (BITF) has received a warning from the Nasdaq as its share prices have been below $1 for more than 30 days.
currently Nasdaq traded on Bitfarmhas faced compatibility issues with its listing on the Nasdaq due to the ongoing bear market. Its shares have been holding for more than 30 days, according to a price alert from Nasdaq. under 1 dollar Extra to help Bitfarms watching 180-day period given.
Sharing the warning sent by Nasdaq on its official site, Bitfarms stated that this situation will not have a short-term impact on the company’s activities and will not affect its trading operations. In addition, the 180-day period there is no final limit expressed.
If the company does not comply with Rule 5550(a)(2) by June 12, 2023, it may be eligible for an additional 180-day compliance period.
In order for Bitfarms to meet compliance requirements, the share price must be 12 June 2023at any time until for 10 consecutive days It needs to close the day at at least $1 per share. If the conditions are met, Nasdaq will give Bitfarms written notice of compliance.
From TradingView According to the data received, the shares of Bitfarms listed on the Nasdaq are finally 31 October 2022 It traded for over $1 on 2 months under the price of 1 dollar watching. At the time of writing the news from $0.52 Bitfarms shares traded For $10 on December 28, 2020 reached its historic peak.