Bitcoin miner Digihost got a notice from Nasdaq after trading below $1. The company has 180 days to fix the issue or otherwise risks being delisted.
Leadership for the Australia-based Mawson Infrastructure Group projected confidence in maintaining the company's place on Nasdaq.
"Per the 8-K, if we trade above $1 for 10 days the issue is cured, or we can simply do a reverse split to cure, so we’re not worried about that," Nick Hughes-Jones, chief commercial officer at the company, told The Block last month., stating that it would focus on its Pennsylvania and Texas sites, where it sees"the opportunity for compelling returns on capital," said Mawson CEO James Manning.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado.
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