Crypto miner Digihost is under scrutiny and has been threatened with getting delisted by Nasdaq for trading below $1 for 30 consecutive days.
Digihost has been given grace periods of up to 180 days to resolve the issue. The company must comply with Nasdaq listing rules by trading for $1 or more for at least 10 consecutive days.
In a document filed on last Friday, Digihost stated that the company's operations have been going on as usual despite the complaint.
"The Company’s business operations are not affected by the receipt of the Notification Letter, and the Company fully intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules," Digihost said in the filing.
Besides Digihost, two other public mining companies have also come close scrutiny from Nasdaq.
Public miners — Mawson Infrastructure Group and BIT Mining - need better stock performance to keep their listings on Nasdaq and the New York Stock Exchange (NYSE), respectively.
Three other companies fell...
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