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BIT Mining reassures investors as NYSE threatens delisting



Time:8/20/2022 12:37:19 PM

[BIT Mining appeases investors as New York Stock Exchange threatens to delist] Jinse Finance reported that New York Stock Exchange notified BIT Mining that it “does not meet” listing criteria because its stock traded below $1 for more than 30 consecutive days . The company's chairman, Bo Yu, said in a statement that the current stock trading should not be cause for concern. "Despite the turbulent market environment, please rest assured that the current share price will have no impact on our company's normal business operations and our ability to create value for investors in the future," he said.

The New York Stock Exchange issued a statement saying that BIT Mining's stock may be delisted if it trades below $1 for more than 30 days. The company was given six months to comply with the rules or the New York Stock Exchange would begin the suspension and delisting process. (The Block)

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