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The latest update is out from China Xiangtai Food Co ( (BTOG) ).
Bit Origin Ltd, a company focusing on blockchain infrastructure, has taken significant steps to address its Nasdaq listing compliance issue. After receiving a deficiency notice in January 2025 for not maintaining the required stockholders’ equity, the company converted $8.06 million of secured convertible debentures into ordinary shares, increasing its equity to approximately $3.6 million by May 31, 2025. Additionally, Bit Origin entered into sales agreements for cloud rendering miners, generating $484,500 in revenue, which supports its strategic shift and financial stability. The company is now awaiting Nasdaq’s confirmation of compliance and is committed to maintaining its listing standards.
More about China Xiangtai Food Co
Average Trading Volume: 21,226,866
Technical Sentiment Signal: Sell
Current Market Cap: $1.36M
Learn more about BTOG stock on TipRanks’ Stock Analysis page.