BIT Mining (NYSE:BTCM) disclosed Friday it received notification from the New York Stock Exchange that cryptocurrency mining company's stock price has fallen below the exchange's continued listing standards.As of July 28, 2022, the average closing price of BIT Mining's (BTCM) American depositary shares was less than US$1 per ADS over 30 consecutive trading days. If it can't remedy the deficiency within a six-month "cure period," its ADSs would be delisted.The company notified the NYSE on Aug. 4 that it intends to cure the deficiency, though it didn't provide details in its statement.In the past year, BTCM's ADS has declined 86%, and closed at $0.72 on Friday.In June, the company raised $16M through a direct equity offering.
