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Argo Blockchain ( (GB:ARB) ) has issued an update.
Argo Blockchain plc has announced a restructuring plan under Part 26A of the Companies Act 2006, with a focus on engaging retail holders of its notes and shares through an online town hall meeting. The meeting aims to provide a platform for stakeholders to ask questions and express views on the restructuring plan, which is structured to utilize exemptions under the U.S. Securities Act of 1933. The plan’s timeline includes several key meetings in December, with the goal of addressing operational and financial challenges while maintaining its Nasdaq listing.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focused on large-scale cryptocurrency mining. With operations in Quebec and offices in the US, Canada, and the UK, Argo emphasizes sustainable operations powered by renewable energy. It became the first climate positive cryptocurrency mining company in 2021 and is a signatory to the Crypto Climate Accord.
Average Trading Volume: 4,518,489
Technical Sentiment Signal: Sell
Current Market Cap: £15.42M
For a thorough assessment of ARB stock, go to TipRanks’ Stock Analysis page.