BTC miner Bitfarms received a delisting warning
The Nasdaq exchange sent one of the major BTC-miner Bitfarms a warning that the shares could be excluded for violating listing rules.
The reason was the closing of trading in the securities of the miner below the minimum value for 30 days. According to the rules, Bitfarms has 180 calendar days to restore compliance. In this case, the listing on the platform will continue.
In turn, the mining company noted that such a warning does not affect the current trading process. In addition, Bitfarms is also represented on the Toronto Stock Exchange.
Since the beginning of the year, the share price of the BTC miner has lost 89%. At the time of writing, the situation in the market is as follows:
The losses affected most of the public mining companies. In turn, Bitfarms reported a loss of $85 million for the third quarter. Also in the summer the miner actively liquidated accumulated reserves of coins, yielding only to Core Scientific.
