Bitcoin Miner Digihost Risks Nasdaq Delisting as Stock Plunges 84% This Year
Last Monday, Digihost (NASDAQ: DGHI), the Houston-based crypto mining outfit, received a deficiency notice from Nasdaq after its stock price traded below $1 for a prolonged period, violating the exchange’s listing compliance. According to NASDAQ Listing Rule 5550 (a)(2), a deficiency notice is issued if a company’s stock trades below $1 for 30 consecutive days.
Digihost has been provided a 180-day compliance period until April 10, 2023. The stock must trade above $1 for ten consecutive business days before this period concludes. On August 23, 2022, DGHI slipped below $1 for the first time since its listing on the exchange on November 15, 2021, per data from Yahoo Finance. As of this writing, DGHI has fallen from $4.6 in January this year to $0.71 today, marking a whopping 84% drop in its price.
Source
t.me/Mining_Crypto_Miner
