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The latest update is out from Argo Blockchain ( (GB:ARB) ).
Argo Blockchain has entered into an amended restructuring agreement and loan with Growler Mining to support its Recapitalization Plan, aimed at preserving operations and maximizing stakeholder value. The plan involves a significant equity interest for Growler, potential dilution for current shareholders, and a court-sanctioned process to avoid insolvency, highlighting the company’s strategic efforts to stabilize its financial position.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focused on large-scale cryptocurrency mining. It 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.
Average Trading Volume: 5,900,809
Technical Sentiment Signal: Sell
Current Market Cap: £13.27M
Learn more about ARB stock on TipRanks’ Stock Analysis page.