Argo Blockchain faces Nasdaq delisting

Nasdaq has taken a decision to delist UK-based cryptocurrency mining company Argo Blockchain (ARBK), The Block reports. The company received a letter in January stating it failed to meet Nasdaq's minimum bid requirement of $1 per share, and the stock failed to recover within a 180-day grace period, prompting discussions about delisting. Argo Blockchain intends to request a hearing with any delisting action stayed until the hearing process concludes.