Publicly-traded crypto miner HIVE Blockchain Technologies said Monday it has received a letter from Nasdaq requesting the firm submit a plan to regain compliance under the exchange’s listing rules.

HIVE said it has received a Notification of Deficiency Listing issued by the exchange’s Qualifications Department following the miner’s missed annual filings deadline late last month.

Its letter comes as many of the industry’s top mining firms struggle to make ends meet as a result of changing macroeconomic conditions, rising electricity costs and a lower bitcoin price. HIVE has not blamed any of those factors and said its missed deadline stems from a shorter filing deadline for non-venture issuers.

HIVE has 60 calendar days to submit its plan detailing how it intends to comply with Rule 5250(c)(1). Once the plan has been accepted in full, the miner has up to 180 calendar days from the due date of its annual Form-40F filing to regain compliance, HIVE said in a statement.

Under the rule, “a company shall timely file all required periodic financial reports with the commission through the EDGAR System or with the other regulatory authority,” according to the exchange’s website.

Last month, HIVE said it would miss its June 29 deadline for the fiscal year ended March 31 by more than two weeks and is expected to file come July 15. Its filing includes audited financial statements, chief executive and chief financial officer certifications and management discussion, as well as analysis.

HIVE clocked more than $68 million in revenue with a net profit exceeding $64 million for the third quarter of last year, according to the company’s recent financial statements.

As a result of the delay, HIVE has asked regulators across all provinces and territories of Canada to issue a temporary order inhibiting directors, officers and insiders from trading in HIVE equities.

At the time, the firm blamed a “combination of factors,” including a shorter filing deadline for non-venture issuers, a rapid increase in the company’s growth and an increase in the number of transactions resulting from that growth.

HIVE’s share price tumbled more than 10% following the announcement of its failure to meet its annual filing deadline, from $4.42 Canadian dollars ($3.43) to $4.01 Canadian dollars. The miner’s share price has since recovered, up 13.7% on the day, from $3.83 Canadian dollars ($2.94) to $4.40 Canadian dollars ($3.38). Year-to-date, HIVE’s share price is down more than 76%.

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