Argo Blockchain downgraded to Neutral from Buy at H.C. Wainwright

H.C. Wainwright analyst Kevin Dede downgraded Argo Blockchain to Neutral from Buy without a price target. The analyst cites concern regarding the company’s "well-telegraphed" debt issues for the downgrade. With yesterday’s halted trading action, a delayed September quarter report, tangential news handicapping crypto and the continued depressed bitcoin mining environment, "it may be that the waterfall of sourness comes both too heavy and too fast for investors to consider swinging positively anytime in the near future in evaluation against all the other bitcoin miner choices available in the public sphere," Dede tells investors in a research note.