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Bitcoin Mining Firm Bitfarms Regains Compliance With Nasdaq Listing Requirements

Bitcoin mining firm Bitfarms has regained compliance with Nasdaq listing requirements, according to a press release on May 1. The Bitcoin mining firm faced potential delisting from Nasdaq after its stock price continued to trade under $1 for several months. However, the recent rally in Bitcoin and rising mining activity helped Bitfarms regain compliance with the minimum bid price requirement of $1 per share under the Nasdaq Listing Rule 5550(a)(2).

Bitfarms' share price fell 4.92% to $1.16 on Friday due to volatility in the crypto market. Bitfarms added 30 BTC to its treasury due to increased cash flow from operations, increasing BTC in custody to 465 worth $13.6 million at the current BTC price.

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