Argo Blockchain Teeters on Nasdaq Delisting as Share Price Tanks – What’s Next for the Miner?

Another crypto miner stares down the exchange executioner.

Argo Blockchain just got served a Nasdaq deathwatch notice—its stock has been trading below $1 for 30 straight days, triggering compliance alarms. The London-based Bitcoin miner now has 180 days to pump its share price back above the threshold or face delisting. No lifelines, no mercy.

Market carnage leaves no survivors

The stock’s 85% nosedive over the past year mirrors the sector’s brutal winter—where even ‘cost-efficient’ miners bleed cash faster than a degen dumping memecoins. Argo’s Q2 report showed a 22% revenue drop despite running at full hashrate capacity. Ouch.

Delisting dominoes could fall faster than crypto Twitter morals

If Argo fails to regain compliance, it’ll join the growing graveyard of crypto stocks booted from major exchanges. The miner could pull a reverse merger like Bit Digital or beg for a reverse stock split—Wall Street’s equivalent of a ‘please sir, may I have another?’

Meanwhile, institutional traders will keep shorting the sector while pretending to ‘believe in blockchain technology.’ Some things never change.

In Brief

• Nasdaq warned Argo of potential delisting on Jan 16 after shares stayed below $1 for 30 straight days.
• Argo missed the July 15 deadline to raise its share price above $1 during the 180-day cure period.
• The company admits there’s no guarantee it will meet Nasdaq’s rules again or win the appeal process.

Nasdaq Flags Argo for Falling Below Minimum Share Price

Back on January 16, 2025, Argo received a notice from Nasdaq, warning that its stock had fallen below the required minimum bid price needed to maintain its listing on the exchange. 

According to Nasdaq, Argo’s American Depositary Shares (ADSs) had closed below $1.00 per share for 30 consecutive business days. This triggered a non-compliance notice. The blockchain company was given until July 15, 2025, to raise its share price and meet the minimum requirement.

Argo Appeals Nasdaq Delisting After Missed Compliance Deadline

By July 18, 2025, Argo had still not lifted its share price above $1.00 during the 180-day “cure period” Nasdaq allowed. As a result, the exchange decided to MOVE forward with delisting Argo’s ADSs from its Global Select Market.

In response, Argo plans to appeal the decision before the Nasdaq Hearings Panel. This move will temporarily halt any suspension or delisting actions until a final decision is made. In the meantime, the company’s shares are expected to keep trading on Nasdaq under the symbol ARBK.

In its latest announcement, the Argo acknowledged that there’s no assurance it will meet Nasdaq’s listing rules again or succeed in the hearing process. It did not mention any steps it plans to take to regain compliance or boost performance, leaving the situation unresolved for now. The report reads:

There can be no assurance that Argo will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with all other applicable Nasdaq Listing Rules, or that Argo’s hearing will be successful.

Potential Impact of Delisting

If Argo’s shares are suspended or removed from Nasdaq, the company could face several challenges, such as:

• Investors may find it more difficult to trade Argo’s U.S. shares due to lower liquidity and absence from a major exchange.
• Price information could become less accurate or harder to access, making the stock less transparent and more volatile.
• The stock may suffer further declines as investor interest drops without Nasdaq visibility.
• Raising capital could become more challenging without a recognized U.S. listing to attract new investment.
• Argo’s international presence could weaken, limiting its growth and exposure beyond the UK and Europe.

Argo’s Share Price Performance

According to data from TradingView, Argo last closed at or above the $1.00 mark in late November 2024. At the start of 2025, shares opened at about $0.66 and have generally trended downward.

In June, the stock dropped as low as $0.18. It gained some ground in mid-July and reached around $0.50 on July 18. But that momentum faded quickly, and the price has since slid to about $0.31 as of July 30—down roughly 39% from that brief rebound.

Back in September 2021, when the crypto mining company first listed on Nasdaq, its shares were worth $15.00. Now, the stock trades around $0.31, leaving its total market capitalization at roughly $23 million. That means it has lost over 97% of its value since going public.

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