crypto miner Digihost is under scrutiny and has been threatened with delisting by Nasdaq for trading below $1 for 30 consecutive days.

The bitcoin miner is among the many who have fallen into the danger zone of losing their spots on major US stock exchanges.

Digihost has been given grace periods of up to 180 days to resolve the issue. The company must comply with Nasdaq listing rules by trading for $1 or more for at least 10 consecutive days.

In a document filed last Friday, Digihost stated that the company’s operations have continued normally despite the complaint.

“The Company’s business operations are not affected by receipt of the Notice Letter, and the Company intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules,” Digihost said in the filing.

In addition to Digihost, two other public mining companies have also come under close scrutiny by the Nasdaq.

Public miners Mawson Infrastructure Group and BIT Mining need better share performance to maintain their listings on Nasdaq and the New York Stock Exchange (NYSE), respectively.

In the past week alone, three other companies fell below the $1 threshold, and only a handful have been trading slightly above that threshold.

In the event that the stock price does not recover to more than $1 per share, many companies could be delisted from Nasdaq.

The share price decline is related to the cost of the coin, which has fallen 50% in the last six months and 70% since the all-time high of around $67,550 in November last year.

Additionally, rising energy costs also added to the strain as it slashed bitcoin miners’ profits with mining difficulty rising 13.55% last week to an all-time high.

Meanwhile, last week, a group of crypto companies led by Bitcoin mining technology provider Braiins and Block Inc’s subsidiary, which finances Bitcoin development, called Spiral, are promoting the adoption of the Stratum V2 protocol.

The Stratum V1 update would improve miner and network security, help further decentralize the network, and make communication more efficient, according to a joint statement from Braiins and Spiral.

The second version of Stratum (V2) promises to bring many improvements to the protocol, including censorship resistance and allowing miners to choose their own work instead of being assigned workloads by pools, which would further decentralize the network. of Bitcoin. The report elaborated that the update is necessary to support an increase in pooled mining and further growth in hash rate.

The working group is now focused on building and sharing tools for all mining companies to quickly and seamlessly upgrade to the Stratum V2 protocol.

According to the announcement, the working group has released the first version of an open source Stratum V2 reference implementation (SRI) for testing. The report says that SRI will allow anyone to run the updated protocol or use it as a guide for their own implementation of Stratum V2.

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