Bit Origin Ltd Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Core Points - Bit Origin Ltd has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share [1][2] - The company's ordinary shares have failed to maintain this minimum bid price for 30 consecutive business days from January 7, 2025, to February 20, 2025 [2] - Bit Origin has a compliance period of 180 calendar days until August 20, 2025, to regain compliance [3] - If the company fails to regain compliance by the deadline, it may be eligible for additional time under certain conditions [4] - The company is actively monitoring its share price and considering options to regain compliance [5] Company Overview - Bit Origin Ltd is an emerging growth company engaged in the cryptocurrency mining business and deploying blockchain technologies [6]