Catenaa, Wednesday, July 30, 2025-London-based Bitcoin miner Argo Blockchain (ticker ARBK) faces potential delisting from Nasdaq after failing to maintain the minimum required share price of $1, Nasdaq announced Tuesday.
The company plans to appeal the decision through a hearing panel, which will pause any suspension while the process is underway.
Nasdaq notified Argo in January that it was not in compliance with its minimum bid price rule. The company was granted a 180-day cure period to raise its stock price above the threshold but failed to do so for 30 consecutive days, triggering a deficiency notice on July 15.
Argo’s shares began the year trading near 60 cents but slid to a low of 18 cents in June. The stock briefly rallied to 50 cents in mid-July but has since declined to around 31 cents. Its market capitalization stands at $27.6 million. Argo went public on Nasdaq in September 2021 at $16.60 per share.
The company did not announce any plans, such as a reverse stock split, to boost its share price ahead of the delisting notice. It cautioned there is no guarantee it will regain compliance with Nasdaq’s listing rules or succeed in the appeal process.
Founded in 2017, Argo operates a hydroelectric-powered crypto mining facility in Quebec and is the first mining company to sign the Crypto Climate Accord. The company sold its Texas-based Helios mining center to Galaxy Digital in 2022 to avoid bankruptcy. In March, Argo appointed former Arkon Energy CEO Justin Nolan as its new chief executive.
The potential delisting highlights ongoing challenges for smaller crypto miners amid market pressures and regulatory scrutiny.
