Canada-based Bitcoin mining firm Bitfarms has regained compliance with Nasdaq listing requirements, the company disclosed on Monday. It will help recover the share prices of the Toronto Stock Exchange and Nasdaq-listed bitcoin mining firm Bitfarms.
Bitfarms faced potential delisting from Nasdaq after the stock exchange company told the Bitcoin mining firm that the stock price is not in compliance with listing requirements as it continued to trade under $1 for several months. Nonetheless, the recent rally in Bitcoin and rising mining activity pushed Bitfarms shares higher.
Bitfarms Regains Compliance With Nasdaq Listing
According to a press release on May 1, Bitfarms received confirmation on its continued listing from the Nasdaq stock exchange. The Bitcoin mining firm has now regained compliance with the minimum bid price requirement of $1 per share under the Nasdaq Listing Rule 5550(a)(2).
In December, Nasdaq sent a notice to Bitfarms that its stock price has failed to comply with the
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