BIT Mining Limited, a leading technology-driven cryptocurrency mining company, announced that it received a letter from the New York Stock Exchange, dated December 17, 2024, notifying the Company that it has regained compliance with the NYSE’s quantitative continued listing standards.
On June 9, 2023, the Company was notified by the NYSE that it was not in compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement (the “Market Cap and Equity Requirement”) of Section 802.01B of the NYSE Listed Company Manual because its average total market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million. Pursuant to the Letter from the NYSE, as a result of the Company’s achievement of compliance with the NYSE’s Market Cap and Equity Requirement as of December 17, 2024, the Company is considered as back in compliance with the NYSE’s quantitative continued listing standards and the below compliance (“.BC”) indicator will no longer be transmitted beginning with the opening of trading on December 18, 2024. Additionally, the Company will no longer be noted as being below continued listing standards on the NYSE’s website (www.nyse.com). In accordance with the NYSE’s Listed Company Manual, the Company will be subject to a 12-month follow-up period within which the Company will be reviewed to ensure that the Company does not once again fall below any of the NYSE’s continued listing standards.
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Source – prnewswire
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