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The latest update is out from Argo Blockchain ( (GB:ARB) ).
Argo Blockchain has received a delisting notice from Nasdaq due to non-compliance with the minimum bid price requirement, as its American Depositary Shares have been trading below $1.00 for an extended period. The company intends to request a hearing to appeal the decision, which will temporarily prevent any delisting action. However, there is no guarantee of success, and if delisted, Argo’s shares could face reduced liquidity and potentially lower prices, impacting stakeholders’ ability to trade effectively.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company specializing in large-scale cryptocurrency mining. With operations in Quebec and offices across the US, Canada, and the UK, Argo focuses on sustainable mining practices powered largely by renewable energy. The company is recognized for being the first climate-positive cryptocurrency mining firm and is a signatory to the Crypto Climate Accord.
Average Trading Volume: 6,428,460
Technical Sentiment Signal: Sell
Current Market Cap: £21.52M
Find detailed analytics on ARB stock on TipRanks’ Stock Analysis page.