BIT Mining received a notice from the NYSE that it did not meet the price criteria in the continuing listing criteria

Bitcoin mining company BIT Mining received a notice from the New York Stock Exchange that it did not meet the price criteria in the continuing listing criteria. As of July 28, 2022, the average value of BIT Mining's American depositary shares (ADS) The closing price was below $1.00 per share. BIT Mining stated that it has replied to the NYSE on August 4, 2022 that it will resolve this issue. According to regulations, BIT Mining has a six-month remedial period after receiving the notice to re-comply with the minimum stock price requirements. If the requirements are not met during the remedial period, the New York Stock Exchange will initiate the suspension and delisting procedures.