According to online reports, London-based bitcoin mining company Argo Blockchain (Nasdaq: ARBK) was notified by Nasdaq that it planned to delist due to its share price being below US$1 for a long time. The company has failed to maintain its minimum bid requirement since the beginning of the year and triggered a delisting defect notice on July 15. Its current share price is US$0.31, a sharp drop from US$16.60 when it went public in 2021. Argo said it would file a complaint with the Nasdaq Hearing Committee and that its shares could continue to trade during the hearing. The company has not announced any plans to boost its share price, such as joint stock restructuring, and admitted that there is no guarantee that the appeal will be successful or compliance will be restored. The mining company sold Helios, Texas 'largest mine in 2022 to avoid bankruptcy and currently operates a hydropower mining facility in Quebec, Canada.