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An announcement from Argo Blockchain ( (GB:ARB) ) is now available.
Argo Blockchain has initiated a restructuring plan under Part 26A of the Companies Act 2006, filing necessary documents with the High Court of Justice in London. This plan is designed to allow the company to utilize exemptions under the U.S. Securities Act of 1933 for securities expected to be issued. This restructuring could impact Argo’s operations by potentially stabilizing its financial structure and enhancing its market position, providing reassurance to stakeholders about the company’s strategic direction.
More about Argo Blockchain
Argo Blockchain plc is a blockchain technology company focused on large-scale cryptocurrency mining. It is dual-listed on the London Stock Exchange and NASDAQ. The company operates a mining facility in Quebec and has offices in the US, Canada, and the UK. Argo is known for its sustainable operations powered predominantly by renewable energy and was the first climate positive cryptocurrency mining company, signing the Crypto Climate Accord.
Average Trading Volume: 4,091,451
Technical Sentiment Signal: Sell
Current Market Cap: £16.86M
Find detailed analytics on ARB stock on TipRanks’ Stock Analysis page.