Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, 2022.
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” in order to “strengthen its balance sheet and improve its liquidity.”On Tuesday, Dec.
Argo detailed that it believes trading will resume after the company makes an important announcement on Dec. 28. Argo disclosed that the announcement is “expected to be released before [the] opening of trading on Wednesday.” Argo is one of many bitcoin mining operations that has suffered a great deal financially from the crypto winter. During the first week of Nov. 2022, Argo’s stock wasAnother publicly-listed bitcoin mining competitor Core Scientific
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