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A month ago, NMHI, a Nasdaq-listed company that once ventured into the BTCMining field, received a delisting notice.
Odaily Planet Daily News Nasdaq-listed company Natures Miracle Holding Inc. (NMHI) has received a delisting notice because the company failed to comply with Nasdaq listing rule 5550(b)(1) regarding minimum shareholder equity requirements. The notice stated 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 last year, NMHI announced the acquisition of 90% fully diluted shares of Bitcoin mining company JY Marigold Ltd. for a total acquisition price of $5.32 million. The latter is currently building a 14MW Bitcoin mining facility, which is expected to be put into operation in the first half of 2025. The first phase of the transaction (9MW) is expected to be completed in the first quarter of 2025, and the second phase (5MW) is expected to be completed in the second quarter of 2025.