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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Receives Notice Regarding NYSE Continued Listing Standards

By: CryptoCurrencyWire
August 08, 2022 at 13:18 PM EDT

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its receipt of a letter from the New York Stock Exchange (“NYSE”), dated July 29, 2022, notifying the company that it was not in compliance with applicable price criteria in the NYSE’s continued listing standards. This is because, as of July 28, 2022, the average closing price of BIT Mining’s American Depositary Shares (“ADSs”) was less than US$1.00 per ADS over a consecutive 30 trading-day period. Per Section 802.01C of the NYSE’s Listed Company Manual, BIT Mining has six months (the “Cure Period”) following receipt of the notice to regain compliance with the minimum share price requirement. The company can regain compliance at any time during the Cure Period if, on the last trading day of any calendar month during the Cure Period, BIT Mining has a closing share price of at least US$1.00 per ADS, and an average closing share price of at least US$1.00 per ADS over the 30 trading-day period ending on the last trading day of that month. In the event that BIT Mining is not in compliance with these requirements at the expiration of the Cure Period, the NYSE will commence suspension and delisting procedures. On August 4, 2022, the company notified the NYSE of its intent to cure the deficiency.

To view the full press release, visit https://ccw.fm/GMlId

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork

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