According to Odaily, Nature's Miracle Holding Inc. (NMHI), a company listed on Nasdaq, has received a delisting notice for failing to meet the minimum stockholder equity requirement as per Nasdaq Listing Rule 5550(b)(1). The notice indicates that trading of the company's common stock and warrants will be suspended on Nasdaq, effective from the market opening on January 15, 2025.
In December of last year, NMHI announced the acquisition of a 90% fully diluted stake in Bitcoin mining company J&Y Marigold Ltd. for a total purchase price of $5.32 million. J&Y Marigold Ltd. is currently constructing a 14-megawatt Bitcoin mining facility, which is expected to become operational in the first half of 2025. The first phase of the project, comprising 9 megawatts, is anticipated to be completed in the first quarter of 2025, while the second phase, consisting of 5 megawatts, is projected to finish in the second quarter of 2025.