Argo Blockchain Asks Nasdaq to Stop Trading its Stocks

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UK-based mining company Argo Blockchain has asked Nasdaq to suspend trading its stocks until a statement today.

The company has said that it will issue a press release prior to the trading session.

According to the company’s Twitter profile, the exchange notified it of a potential delisting back on December 16 due to the fact that the stock has been trading below $1 for 30 days, which is a violation of the rules.

Another mining company, Bitfarms, received a similar warning from Nasdaq earlier.

The London Stock Exchange suspended trading in Argo stocks on December 12. The community attributed this to the expectations of the company’s bankruptcy filing.