- Nasdaq issues delisting notice to Argo Blockchain for low ADR price.
- Argo initiates appeal to contest delisting decision.
- Stock remains technically listed during appeal process.
Argo Blockchain, a UK-based Bitcoin mining firm, received a delisting notice from Nasdaq on July 15, 2025, for inadequate stock performance, with its ADRs trading below $1.00.
The delisting highlights ongoing challenges in the crypto-mining sector, as Argo Blockchain’s appeal process impacts both investor confidence and future market strategies.
Argo Blockchain, a prominent Bitcoin mining firm based in the UK, received a formal delisting notice from Nasdaq on July 15, 2025, due to prolonged trading below the $1.00 minimum for its ADRs. The company quickly acted to initiate an appeal.
Leading the company through these challenges is Seif El-Bakly, Argo Blockchain’s interim CEO, who stepped in after the previous CEO’s resignation. The firm has requested a hearing with Nasdaq’s Hearings Panel to contest the decision. Seif El-Bakly stated, “Argo Blockchain has requested a hearing with a Nasdaq Hearings Panel to contest the decision, temporarily preserving the ADRs’ listing status pending resolution.” Source
The delisting notice impacts ARBK, Argo’s listed Nasdaq ADR, while the firm’s balance sheet primarily holds BTC. Despite the turmoil, there are no significant changes reported in its Bitcoin holdings or other crypto assets.
Argo Blockchain shareholders face potential strategic decisions. They are advised to contemplate converting ordinary shares into ADRs, albeit bearing a $0.05 fee per ADR, as detailed in Form S-3 Registration Statement for Securities. However, this conversion poses risks, such as possible untradeable status.
Stocks such as Core Scientific and Hive Blockchain have experienced comparable delistings, generally transitioning to OTC trading. This often results in reduced liquidity and investor visibility, although with minimal systemic effects on Bitcoin or Ethereum markets.
Historically, delistings like this present few variations in BTC market movements. While previous cases show minor liquidity drops, it’s worth noting that broader crypto markets remain unaffected, as operations like Argo’s are not large enough to influence major trends.
