Bit Origin Ltd Faces Nasdaq Compliance Challenge

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China Xiangtai Food Co ( (BTOG) ) has provided an update.

Bit Origin Ltd has received a notification from Nasdaq indicating non-compliance with the minimum stockholders’ equity requirement, as the company reported equity of $909,583 against the required $2,500,000. Bit Origin has 45 days to present a compliance plan to Nasdaq, which could allow for an extension up to 180 days. The notification does not affect the current trading status of Bit Origin’s shares on Nasdaq.

More about China Xiangtai Food Co

Bit Origin Ltd, formerly China Xiangtai Food Co., Ltd., is an emerging growth company based in the United States, engaged in the cryptocurrency mining business. The company is focused on deploying blockchain technologies and employing diversified expansion strategies.

YTD Price Performance: -4.08%

Average Trading Volume: 93,810

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $8.55M

Find detailed analytics on BTOG stock on TipRanks’ Stock Analysis page.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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