Bitfarms regains compliance with Nasdaq

Bitfarms has received confirmation from Nasdaq that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550. On December 13, 2022, Nasdaq notified Bitfarms that its common stock no longer complied with the minimum bid price requirement of $1.00 over the previous 30 consecutive trading days as required by the Listing Rules of Nasdaq. Subsequently, by letter dated April 28, Nasdaq determined that for the preceding 13 consecutive trading days, from April 11, through April 27, the closing bid price of Bitfarms’ common stock was $1.00 per share or greater, and the company has therefore regained compliance with Listing Rule 5550.