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Argo Blockchain ( (GB:ARB) ) just unveiled an update.
Argo Blockchain has released a Supplementary Circular updating its proposed restructuring plan under Part 26A of the Companies Act 2006. Key updates include a supplementary expert evidence report by Kroll Advisory and clarification on Nasdaq’s determinations regarding the restructuring plan. Shareholders have options to convert ordinary shares into ADSs, which can be traded on Nasdaq, subject to compliance with listing criteria. The company has also addressed the tax implications of this conversion and provided information on a trading facility with JP Jenkins. Key meetings for voting on the restructuring plan are scheduled for 2 December 2025, with a court sanction hearing on 8 December 2025.
The most recent analyst rating on (GB:ARB) stock is a Sell with a £1.50 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the GB:ARB Stock Forecast page.
Spark’s Take on GB:ARB Stock
According to Spark, TipRanks’ AI Analyst, GB:ARB is a Underperform.
Argo Blockchain’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, significant operational losses, and severe cash flow issues. The technical analysis further indicates bearish momentum, with the stock trading below key moving averages and weak momentum indicators. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield, contributing to the low overall score.
To see Spark’s full report on GB:ARB stock, click here.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company specializing in large-scale cryptocurrency mining. 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, predominantly powered by renewable energy, and was the first climate-positive cryptocurrency mining company, signing the Crypto Climate Accord.
Average Trading Volume: 4,629,695
Technical Sentiment Signal: Sell
Current Market Cap: £10.9M
Learn more about ARB stock on TipRanks’ Stock Analysis page.