Bloudmine

Cloud Mining

Cloud mining is the easiest and most effective way to make money from cryptocurrency mining without buying and maintaining your equipment.

Get access to real mining power without any extra effort

Blueprint

A perfect balance of exhilarating flexiblity and the effortless simplicity of the Code Supply Co. WordPress themes.

The ultimate publishing experience is here.

Trading Shares Of Bitcoin Miner Argo Blockchain Suspended

image
  • On Friday, the trading of shares of Argo Blockchain (NASDAQ: ARBK) was suspended in both the U.S. and U.K.
  • Particular reasoning for the suspension was not provided.
  • The suspension could indicate pending updates or changes to the firm.

In the released November operational update, the firm states, “The Company is endeavoring to complete such financing transactions to provide the Company with working capital sufficient for its present requirements.”

The firm is down -94.58% YTD according to NASDAQ, and it mined 198 bitcoin in the month of November. As of November 30, Argo holds 126 bitcoin, “of which 116 were BTC Equivalents.”

Previously, Bitcoin Magazine PRO analysts Dylan LeClair and Sam Rule highlighted Argo as one of several struggling public miners. They noted that a $27 million October fundraise attempt did not go through, which would have been in addition to a preceding $70.6 million loan from NYDIG. Prior to October’s failed raise, in August, Argo used some of its BTC holdings to pay back bitcoin-backed loan obligations from Galaxy Digital. 

This post was originally published on this site

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Prev
Blockware Solutions’ 2023 Forecast Estimates Bitcoin Low Is In

Blockware Solutions’ 2023 Forecast Estimates Bitcoin Low Is In

Blockware Intelligence, the research arm of Blockware Solutions, has released

Next
Rural Kenya harnesses stranded potential energy to mine BTC using hydropower

Rural Kenya harnesses stranded potential energy to mine BTC using hydropower

A rural village in Kenya has been using off-grid energy generated using

You May Also Like