Digihost (NASDAQ: DGHI) becomes the latest in a string of bitcoin miners to risk seeing its stock being delisted from the exchange amid the doom and gloom of prolonged crypto winter. The company is currently hashing at a rate of approximately 650 PH/s.
Over the last week, three other bitcoin mining stocks — Bitfarms (NASDAQ/TSX: BITF), Cipher Mining (NASDAQ: CIFR), and Stronghold Digital Mining (NADAQ: SDIG) — have fallen under the $1 threshold, while Mawson Infrastructure Group (NASDAQ: MIGI) and BIT Mining (NYSE: BTCM) have already received delisting warnings on August 31 and August 5, respectively.
Read also: Metacade’s Highly Anticipated MEXC Listing Confirmed For 4th May
In accordance with Nasdaq listing rules, Digihost has 180 days to resolve the issue or see its stock removed from the exchange. However, the company may be eligible for an additional 180 calendar day compliance period. The notification letter from Nasdaq won’t affect Digihost’s shares listed on the TSX Venture Exchange.
“The Nasdaq letter is only a notification of deficiency and has no immediate effect on the listing or trading of the Company’s Shares and the Shares will continue to trade on Nasdaq under the symbol ‘DGHI’,” the company announced in a press release.
“The Company’s business operations are not affected by the receipt of the Notification Letter and the Company fully intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules.”
