Long Blockchain, which made headlines last year when its stock surged following a blockchain pivot, has been subpoenaed by the SEC in the U.S.
Shares of the beverage manufacturer that pivoted to cryptocurrency will no longer trade on the Nasdaq, beginning Thursday.
Long Blockchain is appealing a delisting decision from Nasdaq which, according to a letter, believes the publicly-traded company misled its investors.
Long Blockchain announced it would appeal a notice by Nasdaq informing it that its stock was at risk of being delisted.
The former beverage company is buying $4.2 million of AntMiner gear and setting up a mining facility in a Nordic country, according to an SEC filing.