Its rival Bitfarms received a warning notification from Nasdaq as its stocks are changing hands below $1 for 30 consecutive trading days. The management has only 180 days to get things back to normal: BITF is one step away from being delisted by the exchange.The Miner Mag indicated two phases during which BTC selling pressure was the most aggressive. The first one coincided with the aftermath of Terra, Voyager, Celsius and 3AC collapses in June 2022.
The second one shocked the markets in December 2022, when both firms struggled with the effects of the FTX drama and legal problems. In 2022, Bitcoin lost over 65% of its value.
Source: News Formal (newsformal.com)
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