Volatility is common in the Crypto mining sector, but the recent news from Nasdaq caused a shock wave on the market, especially for the British company Argo Blockchain (ARBK). The company is now likely to be struck off from the US scholarship.
In short
- Nasdaq warned Argo of a possible radiation on January 16, after its action remained below $ 1 for 30 consecutive days.
- Argo lacked the deadline of July 15 to raise the course of its action above $ 1 during the 180-day grace period.
- The company recognizes that there is no guarantee that it again respects the rules of the NASDAQ or that it wins the appeal procedure.
Nasdaq reports Argo for a course in the action falling under the minimum required
On January 16, 2025, Argo received an opinion from the Nasdaq warned him that his action had dropped below the minimum offer necessary to maintain his registration on the stock market.
According to Nasdaq, the American Depositary Shares (ADS) of Argo had closed below $ 1.00 per share for 30 consecutive working days. This sparked a notice of non-compliance. The blockchain company had until July 15, 2025 to raise the course of its action and meet this minimum requirement.
Argo calls on Nasdaq's cancellation after the deadline of missed compliance
As of July 18, 2025, Argo had still not raised its course above $ 1.00 during the 180-day “resolution” period granted by Nasdaq. Consequently, the scholarship decided to cancel the ADS of Argo of its Global Select Market.
Argo plans to challenge this decision before the Nasdaq Hearings Panel, which will temporarily suspect any radiation. Pending the final decision, the company's shares will remain negotiable on the Nasdaq under the symbol ARBK.
In her last announcementArgo acknowledged that there was no guarantee that it again respects the rules of Nasdaq or that it wins the hearing. She has not mentioned the measures she plans to find compliance or improve her performance, leaving the outstanding situation for the moment. The report indicates:
It is in no way guaranteed that Argo can comply again in the minimum price requirement by action, nor that it respects all the other applicable registration rules of the NASDAQ, or that the hearing in its favor is successful.
Potential impact of radiation
If Argo's actions are suspended or withdrawn from Nasdaq, the company could face several challenges:
- Investors may have more difficulty negotiating American ARGO shares due to lower liquidity and the absence of a large scholarship.
- Prices information could become less precise or more difficult to access, making the title less transparent and more volatile.
- The course of action could further drop because the interest of investors declines without the visibility of Nasdaq.
- Raising capital could become more difficult without recognized registration in the United States to attract new investors.
- Argo's international presence could weaken, limiting its growth and exposure beyond the United Kingdom and Europe.
Argo action course performance
According to tradingView data, Argo started to close or above the $ 1.00 bar at the end of November 2024. At the beginning of 2025, the shares opened around $ 0.66 and generally followed a downward trend.
In June, the title dropped up to $ 0.18. He progressed in mid-July and reached about $ 0.50 on July 18. But this momentum quickly faded and the price slipped to about $ 0.31 to July 30, a drop of about 39 % compared to this brief rebound.
In September 2021, when the Crypto mining company made its stock market on Nasdaq, its shares were worth $ 15.00. Today, the title is exchanged around $ 0.31, which places market capitalization at around 23 million dollars. This represents a loss of more than 97 % of its value since its IPO.
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