The mining company BIT Mining received a notice from the New York Stock Exchange that it does not meet the price standards in the continuous listing standards

[Mining company BIT Mining received a notice from the New York Stock Exchange that it does not meet the price standards in the continuation listing standards] Golden Finance News, the mining company BIT Mining has received a notice from the New York Stock Exchange, informing that the company does not meet the NYSE continuous listing standards. The price criteria in the listing criteria, because as of July 28, 2022, the average closing price of BIT Mining's American Depositary Shares (ADS) for 30 consecutive trading days is less than $1.00 per share. According to the regulations, the company has a six-month remedial period after receiving the notification to re-comply with the minimum stock price requirement, and BIT Mining stated that it has replied to the NYSE on August 4, 2022 that it will resolve this issue.

Other news:

Encryption mining company Bit Digital signs agreement with BitMine to host 7,000 Bitcoin mining machines: On April 5th, encryption mining company Bit Digital and BitMine Immersion Technologies have signed a document of intent to establish a hosting relationship that will initially include 7,000 Bitcoin mining machines. An ASIC mining machine. New York-based Bit Digital shifted its focus to North America a few months ago. Bit Digital and BitMine Immersion plan to start delivering ASIC miners in the coming weeks and months and reach expected production capacity by the end of August. It is reported that Bitmain’s latest Antminer starts at $7,500, so the value of the agreement may be between $50 million and $60 million. The two companies plan to mine bitcoin primarily in immersion-cooled containers, which keep the machines cool, increasing output and energy efficiency. (CoinDesk) [2022/4/5 14:06:01]

Bitcoin mining company BitNile establishes a new department to provide blockchain and cryptocurrency mining solutions: Jinse Finance reported that Bitcoin mining company BitNile announced that its subsidiary BitNile.Inc has established a new department BitNile Mining Solutions (“BMS”) ). BMS will leverage BitNile's deep industry partnerships, including a partnership with Bitmain Technologies Limited. BMS will focus on the procurement and sale of cryptocurrency miners and related equipment, and provide additional blockchain infrastructure services such as hosting, managing power, maintenance and other cryptocurrency-focused infrastructure solutions. (martechseries)[2022/3/15 13:56:29]

Bitcoin mining company Bitfarms mined a total of 1,357 bitcoins in the first half of this year: Jinse Finance reported that Bitcoin mining company Bitfarms released an update on Bitcoin production on July 14. Bitfarms used green hydro to mine 1,357 bitcoins in the first six months of 2021, the largest number of bitcoins mined in North America reported by a publicly traded miner. Specifically, the miner unearthed 265 new bitcoins in June 2021, achieving the largest monthly output in 2021, about one-third higher than the output in January of the same year. Bitfarms’ Magog data center received and installed 1,500 Bitcoin mining machines from MicroBT, increasing Bitfarms’ total output by 120 PH/s in June. Additionally, Bitfarms plans to mine over 400 bitcoins in July. [2021/7/15 0:53:17]