Nasdaq Issues Delisting Notice to Bitcoin Mining Firm Bit Brother, Hearing Scheduled for February 27

Bit Brother Limited, a mining company listed on Nasdaq, has disclosed that it has received a delisting notice. According to the notice, Nasdaq made this decision primarily due to market concerns arising from certain warrants issued in two registered offerings by the company on October 25, 2023, and December 5, 2023, which included non-cash exercise terms, as well as concerns related to such transactions causing public interest issues. It is reported that this delisting notice will not immediately impact Bit Brother Limited's listing and trading. Nasdaq has allowed the company to participate in a hearing on February 27 to provide explanations. Until the hearing process is completed, Nasdaq will continue to suspend any suspension or delisting actions.