HONG KONG, August 5, 2022 /PRNewswire/ — BIT Mining Confined (NYSE: BTCM) (“Bit Mining” or the “Corporation”), a foremost technological know-how-pushed cryptocurrency mining firm, now announced that it received a letter from the New York Inventory Exchange (the “NYSE”), dated July 29, 2022, notifying the Firm that it was not in compliance with relevant rate conditions (the “Selling price Criteria”) in the NYSE’s continued listing requirements because, as of July 28, 2022, the regular closing value of the Firm’s American Depositary Shares (the “ADSs”) was much less than US$1.00 per Ads above a consecutive 30 trading-working day time period.
Pursuant to Segment 802.01C of the NYSE’s Listed Company Handbook, the Enterprise has 6 months (“the Get rid of Period”) following receipt of the recognize to get back compliance with the minimum amount share price requirement. The Company can get back compliance at any time during the Treatment Interval if on the previous trading working day of any calendar month for the duration of the Get rid of Period of time the Enterprise has a closing share rate of at minimum US$1.00 per Adverts, and an regular closing share price tag of at the very least US$1.00 for every Adverts around the 30 trading-working day time period ending on the last trading working day of that month. In the party that at the expiration of the Get rid of Interval, each a US$1.00 per Ads closing share rate on the previous buying and selling working day of the Remedy Time period and a US$1.00 for each Adverts regular closing share selling price above the 30 buying and selling-day period ending on the very last trading day of the Get rid of Time period are not attained, the NYSE will begin suspension and delisting techniques.
The Organization has notified the NYSE on August 4, 2022 of its intent to treatment the deficiency.
Through the Treatment Period of time, the Firm’s ADSs will carry on to be stated and traded on the NYSE, topic to compliance with other NYSE continued listing specifications and other rights of the NYSE to delist the ADSs. The Business is at the moment in compliance with all other NYSE continued listing standards. The NYSE discover does not impact the Firm’s business enterprise operations, its U.S. Securities and Trade Fee reporting demands or contractual obligations.
About Little bit Mining
Little bit Mining (NYSE: BTCM) is a top technology-driven cryptocurrency mining company, with a extended-phrase tactic to develop price throughout the cryptocurrency field. Its business addresses cryptocurrency mining, mining pool, and info center procedure. The Enterprise owns the world’s top rated blockchain browser BTC.com and the extensive mining pool enterprise operated less than BTC.com, furnishing multi-currency mining providers together with BTC, ETH and LTC. The Company also owns a 7-nanometer cryptocurrency mining device manufacturer, Bee Computing, finishing the Firm’s vertical integration with its source chain, increasing its self-sufficiency and strengthening its aggressive position.
This information launch has forward-searching statements inside of the indicating of Area 21E of the Securities Trade Act of 1934, as amended, and as described in the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-hunting statements can be discovered by terminology this sort of as “will,” “expects,” “anticipates,” “future,” “intends,” “programs,” “thinks,” “estimates,” “goal,” “heading ahead,” “outlook” and comparable statements. This sort of statements are centered upon management’s existing anticipations and present market place and working situations and relate to events that entail known or unidentified threats, uncertainties and other factors, all of which are complicated to predict and a lot of of which are outside of the Firm’s handle, which may possibly trigger the Firm’s true outcomes, overall performance or achievements to vary materially from these in the forward-seeking statements. Crucial variables that could lead to Bit Mining’s genuine final results to vary materially from all those indicated in the forward-hunting statements. Even further facts regarding these and other pitfalls, uncertainties or aspects is integrated in the Company’s filings with the U.S. Securities and Trade Commission. The Company does not undertake any obligation to update any forward-hunting statement as a outcome of new info, potential occasions or in any other case, besides as necessary beneath legislation.
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Bit Mining Confined
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