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Argo Blockchain ( (GB:ARB) ) has shared an announcement.
Argo Blockchain has announced its intention to delist from the London Stock Exchange as part of a broader restructuring plan. The company aims to recapitalize by reallocating equity, with Growler Mining holding 87.5% and bondholders receiving 10%, leaving existing shareholders with a diluted 2.5% stake. The delisting will remove Argo from the regulatory and financial reporting requirements of the London Stock Exchange, though it will maintain its Nasdaq listing. This move could have significant implications for shareholders, including changes in trading, regulatory protections, and potential tax consequences.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focused on large-scale cryptocurrency mining. The company operates a mining facility in Quebec and has offices in the US, Canada, and the UK. Argo’s operations are predominantly powered by renewable energy, and it became the first climate-positive cryptocurrency mining company in 2021, aligning with the Crypto Climate Accord.
Average Trading Volume: 3,140,948
Technical Sentiment Signal: Sell
Current Market Cap: £27.97M
For detailed information about ARB stock, go to TipRanks’ Stock Analysis page.