Argo Blockchain, a UK-based Bitcoin mining firm, received a delisting notice from Nasdaq due to prolonged trading below the $1.00 minimum for its ADRs. In response, the company has initiated an appeal process.
Delisting Notice from Nasdaq
Argo Blockchain, a prominent Bitcoin mining firm, received a formal delisting notice from Nasdaq on July 15, 2025, due to inadequate stock performance, with ADRs trading below $1.00.
Appeal Process and Management Comments
The company quickly acted to initiate an appeal. Leading the company through these challenges is interim CEO **Seif El-Bakly**, who stepped in after the previous CEO’s resignation. He stated, *'Argo Blockchain has requested a hearing with a Nasdaq Hearings Panel to contest the decision, temporarily preserving the ADRs’ listing status pending resolution.'*
Impact on Shareholders and Market
The delisting notice impacts **ARBK**, Argo's listed Nasdaq ADR, while the firm's balance sheet primarily holds **BTC**. Despite the turmoil, there are no significant changes reported in its Bitcoin holdings or other crypto assets. Shareholders are advised to contemplate converting ordinary shares into ADRs, although this conversion poses risks, such as possible untradeable status. Historically, such delistings present few variations in market movements for **BTC**.
The delisting of Argo Blockchain from Nasdaq highlights ongoing challenges in the cryptocurrency mining sector. While the appeal process is underway, it is essential for shareholders and investors to monitor the company's further actions.
