Bitfarms, a Canada-based Bitcoin mining farm, faces compliance hurdles over its Nasdaq listing because of a cryptocurrency issue in progress.
On December 13, 2022, Bitfarms got a warning from Nasdaq because its share price stayed below one dollar ($1.00) for the past 30 working days. A day later, the Canadian Bitcoin mining farm announced that it has a preparatory 180-calendar-day period to reclaim Nasdaq requirements compliance.
For the compliance reclamation to proceed seamlessly, Bitfarms’ shares must close …