Abits Group Inc Receives NASDAQ Minimum Bid Price Requirement Extension

Group 1 - Abits Group Inc has been granted an additional 180 calendar days to comply with NASDAQ's minimum bid price requirement, extending the deadline to April 7, 2025 [1] - To regain compliance, the closing bid price of the Company's common shares must be at least $1.00 per share for at least ten consecutive business days by the new deadline [1] - Abits Group Inc is engaged in bitcoin mining and related services in the United States, with self-mining operations in Tennessee through its subsidiary ABIT USA, Inc [2] Group 2 - Abits Group Inc was formed following a merger with Moxian, Inc. in August 2021 and is organized in the British Virgin Islands [2]