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An update from Argo Blockchain ( (ARBK) ) is now available.
Argo Blockchain plc announced updates to its proposed restructuring plan under Part 26A of the Companies Act 2006, including a supplementary circular to the explanatory statement. The updates address questions raised during a convening hearing and provide new information regarding Nasdaq’s determinations, which do not classify the restructuring as a bankruptcy or business combination. The company also announced options for shareholders to convert ordinary shares into ADSs, subject to Nasdaq compliance, and detailed the tax implications of such conversions. Key meetings for the restructuring plan are scheduled for December 2, 2025, with voting forms due by November 28, 2025.
The most recent analyst rating on (ARBK) stock is a Sell with a $0.25 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
Spark’s Take on ARBK Stock
According to Spark, TipRanks’ AI Analyst, ARBK is a Underperform.
Argo Blockchain’s overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s high leverage, negative equity, and declining revenues are significant concerns. Additionally, the technical analysis suggests bearish momentum. The valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield.
To see Spark’s full report on ARBK stock, click here.
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 is committed to sustainable operations powered by renewable energy and became the first climate-positive cryptocurrency mining company in 2021.
Average Trading Volume: 7,799,949
Technical Sentiment Signal: Sell
Current Market Cap: $14.71M
Find detailed analytics on ARBK stock on TipRanks’ Stock Analysis page.