Argo Blockchain is in danger of being kicked off the Nasdaq stock exchange due to a falling stock price

Argo Blockchain has been warned that it may be kicked off the Nasdaq stock exchange due to a decline in its share price.

The London-based cryptocurrency mining company, which is also listed on the London Stock Exchange, has seen its shares fall more than 70% over the past 12 months.

This caused the Company’s NASDAQ-listed American Depositary Shares (“ADS”) to fall below $1.00 for 30 consecutive business days, resulting in a violation of the minimum bid price.

Argo, which operates cryptocurrency mining sites in Quebec and Texas, said today that it has received a notification letter from the Nasdaq Stock Exchange warning it of the hack. The company was given until July to see its share price recover before trading was suspended.

Argo shares fell again today by 3.8% in London to 4.6p.

In a statement, Argo Blockchain said: “The company intends to monitor the bid price of its ADSs between now and July 15, 2025, and evaluate all available options to resolve the shortfall and restore compliance.”

The company added that its listing in London will not be affected by any Nasdaq suspension.

Argo’s share price decline comes despite a surge in Bitcoin, with the cryptocurrency doubling in the past four months to reach $100,000.

This rise has been driven by increased adoption by institutional investors, as well as hopes that the election of Donald Trump in the United States will open the doors to a more liberal regulatory regime for cryptocurrency use.

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