Nasdaq has issued a delisting notice to Bitcoin mining company Argo Blockchain for failing to maintain the exchange's minimum $1 bid price requirement over 30 consecutive trading days. The notification, triggered by a formal deficiency notice on July 15, 2025, follows a 180-day grace period where Argo's stock remained below the threshold.
Argo plans to request a hearing with Nasdaq's panel, which will temporarily suspend delisting and allow continued trading under the ticker ARBK during proceedings. However, the company explicitly stated there is "no assurance the appeal will succeed" or that future compliance will be achieved. Shares have plummeted from their 2021 debut price of $16.60 to $0.31, reducing market capitalization to approximately $27.6 million.
The London-based miner, which also trades as ARB on the LSE, faces potential liquidity constraints and reduced capital access if delisted. Historical precedents like Bitfarms' delisting show minimal impact on core cryptocurrencies like BTC, though Argo's operational stability—including its Quebec mining facilities and recent CEO transition to Justin Nolan—remains critical. No reverse stock split or price-boosting measures have been announced.