Bit mining limited receives notice regarding nyse continued listing standards

Hong kong , august 5, 2022  /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company"), a leading technology-driven cryptocurrency mining company, today announced that it received a letter from the new york stock exchange (the "nyse"), dated july 29, 2022, notifying the company that it was not in compliance with applicable price criteria (the "price criteria") in the nyse's continued listing standards because, as of july 28, 2022, the average closing price of the company's american depositary shares (the "adss") was less than us$1.00 per ads over a consecutive 30 trading-day period. pursuant to section 802.01c of the nyse's listed company manual, the company has six months ("the cure period") following receipt of the notice to regain compliance with the minimum share price requirement.
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