Volatility is common in the crypto mining sector, but recent news from Nasdaq has sent shockwaves through the market, especially for UK-based Argo Blockchain (ARBK). The company is now at risk of being delisted from the US exchange.
Back on January 16, 2025, Argo received a notice from Nasdaq, warning that its stock had fallen below the required minimum bid price needed to maintain its listing on the exchange.
According to Nasdaq, Argo’s American Depositary Shares (ADSs) had closed below $1.00 per share for 30 consecutive business days. This triggered a non-compliance notice. The blockchain company was given until July 15, 2025, to raise its share price and meet the minimum requirement.
By July 18, 2025, Argo had still not lifted its share price above $1.00 during the 180-day “cure period” Nasdaq allowed. As a result, the exchange decided to move forward with delisting Argo’s ADSs from its Global Select Market.
In response, Argo plans to appeal the decision before the Nasdaq Hearings Panel. This move will temporarily halt any suspension or delisting actions until a final decision is made. In the meantime, the company’s shares are expected to keep trading on Nasdaq under the symbol ARBK.
In its latest announcement, the Argo acknowledged that there’s no assurance it will meet Nasdaq’s listing rules again or succeed in the hearing process. It did not mention any steps it plans to take to regain compliance or boost performance, leaving the situation unresolved for now. The report reads:
There can be no assurance that Argo will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with all other applicable Nasdaq Listing Rules, or that Argo’s hearing will be successful.
If Argo’s shares are suspended or removed from Nasdaq, the company could face several challenges, such as:
According to data from TradingView, Argo last closed at or above the $1.00 mark in late November 2024. At the start of 2025, shares opened at about $0.66 and have generally trended downward.
In June, the stock dropped as low as $0.18. It gained some ground in mid-July and reached around $0.50 on July 18. But that momentum faded quickly, and the price has since slid to about $0.31 as of July 30 — down roughly 39% from that brief rebound.
Back in September 2021, when the crypto mining company first listed on Nasdaq, its shares were worth $15.00. Now, the stock trades around $0.31, leaving its total market capitalization at roughly $23 million. That means it has lost over 97% of its value since going public.
