Trading of Bitcoin Miner Argo Blockchain’s stocks suspended in UK and U.S.

📆 12/10/2022 12:33 PM
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Argo had previously sold 3,843 Antminer S19J Pros for $5.6m in an attempt to secure short-term liquidity. In October, it announced a number of strategic actions due to financial constraints. Trading in stocks of London-based crypto mining firm Argo Blockchain (ARBK) was suspended on 9 December (yesterday) in the United Kingdom and the United States. […]

Argo had previously sold 3,843 Antminer S19J Pros for $5.6m in an attempt to secure short-term liquidity.Trading in stocks of London-based crypto mining firm Argo Blockchain was suspended on 9 December in the United Kingdom and the United States. While no particular reason was provided for the suspension, it could indicate pending updates or changes to the firm.

Argo had previously sold 3,843 Antminer S19J Pros for $5.6 million in an attempt to secure short-term liquidity. The news adversely affected the performance of its stocks as its price fell from 36 pence to 7.5 pence during October. Since then, the stocks have largely been resistant to further downtick. ARBK is currently

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