Argo Blockchain PLC Announces Regained Compliance with Nasdaq

Regained Compliance with Nasdaq’s Minimal Bid Worth Rule

LONDON, ENGLAND / ACCESSWIRE / January 23, 2023 / Argo Blockchain plc (“Argo” or “the Firm”), a worldwide chief in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is happy to announce that it has obtained a letter from the Itemizing {Qualifications} Division of The Nasdaq Inventory Market (“Nasdaq”) informing the Firm that it has regained compliance with Nasdaq Itemizing Rule 5450(a)(1),

As introduced on 16 December, 2022, Argo was notified by Nasdaq that its frequent inventory had not maintained the minimal bid worth of $1.00 over the earlier thirty consecutive enterprise days, as required by the Itemizing Guidelines of the Nasdaq Inventory Market. To regain compliance, the Firm was required to take care of a minimal closing bid worth of $1.00 for ten consecutive buying and selling days. This requirement was met on 13 January 2023. Accordingly, the Firm has regained compliance with Itemizing Rule 5450(a)(1), and Nasdaq has confirmed to the Firm that it considers this matter closed.

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About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain expertise firm centered on large-scale cryptocurrency mining. With mining amenities in Quebec, mining operations in Texas, and workplaces within the US, Canada, and the UK, Argo’s world, sustainable operations are predominantly powered by renewable vitality. In 2021, Argo turned the primary local weather optimistic cryptocurrency mining firm, and a signatory to the Crypto Local weather Accord. Argo additionally participates in a number of Net 3.0, DeFi and GameFi initiatives by its Argo Labs division, additional contributing to its enterprise operations, in addition to the event of the cryptocurrency markets. For extra data, go to www.argoblockchain.com.

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SOURCE: Argo Blockchain PLC