Argo Blockchain has been warned it may be kicked out of the Nasdaq over its sinking share price.

The London-based crypto miner, which also has a listing on the London Stock Exchange, has seen its stock tumble by more than 70% over the past twelve months.

That has seen the company’s American Depositary Shares (“ADS”) listed on the Nasdaq to fall below $1.00 for 30 consecutive business days, causing it to breach the minimum bid price requirement.

Argo, which operates crypto mining sites in Quebec and Texas, today said it had been sent a notification letter from the Nasdaq stock market warning it of the breach. The company has been given until July to see its share price recover before trading will be suspended.

Argo shares fell again today down 3.8% in London to 4.6p.

In a statement Argo Blockchain said: “The company intends to monitor the bid price of its ADSs between now and 15 July 2025, and to evaluate all available options to resolve the deficiency and regain compliance.”

The firm added that its London listing would not be affected by any suspension on the Nasdaq.

Argo’s dwindling share price comes despite a huge Bitcoin bull run, with the cryptocurrency more than doubling in the past four months to top $100k.

The rise has been spurred by increased adoption by institutional investors, as well as hopes that the election of Donald Trump in the US opens the doors to a more liberal regulatory regime for use of the cryptocurrency.

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