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Hyperliquid (HYPE) Hits New High As Nasdaq Firm Shifts Millions Into the Token

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Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency

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Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023. The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days. Announcing the news on Dec. 14, Bitfarms said that it has an initial period of 180 calendar days to regain compliance with the requirements from Nasdaq. In order to regain compliance, Bitfarms’ shares should close at $1 per share for a minimum period of 10 consecutive days at any time before June 12, 2023. In such an event the Nasdaq staff will provide a written notification to Bitfarms that it has achieved compliance, the announcement notes. The 180-day period is not the final limit, however. Bitfarms noted that it will have a chance to extend the compliance pe...