Bitcoin miner ArgoBlockchain shares rose as much as 14% after the stock regained listing privileges on the Nasdaq by keeping minimum bids for its shares above $1 for ten straight days. By Aoyon_A
with rules to be listed in the exchange because closing bid prices for its stock were below $1 for 30 consecutive days. The miner was given until June 12 of this year to regain its listing privileges with Nasdaq before potentially being delisted from the exchange.
, after the brutal crypto winter weighed heavily on it. In particular, Argo came very close to declaring bankruptcy after being adversely affected by rising energy costs and a steep drop in bitcoin prices.by agreeing to sell its Helios mining facility in Texas to Michael Novogratz’s crypto-focused financial-services firm Galaxy Digital for $65 million and a $35 million loan.
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