Bitcoin Miner Argo Blockchain Shares Suspended – Bitcoin Magazine

  • On Friday, trading in shares of Argo Blockchain (NASDAQ:ARBK) was suspended in both the US and the UK.
  • Specific reasons for the suspension were not provided.
  • Suspensions may indicate pending updates or changes to the company.

in release November activity updateThe company stated, “The Company is working to complete such financial transactions to provide the Company with sufficient working capital for current requirements.”

The company is down -94.58% year-over-year according to NASDAQ and has mined 198 bitcoins in November. As of November 30, Argo holds 126 bitcoins, “of which 116 is BTC equivalent.”

Previously, Bitcoin PRO Magazine analysts Dylan LeClair and Sam Rule highlighted Argo as one of Mining workers in trouble. They noted that an October fundraising effort of $27 million was unsuccessful, which should have supplemented an earlier $70.6 million loan from the NYDIG. Before the failed rally in October, in August, Argo used some of his BTC holdings to return bitcoin-backed coins loan obligation from Digital Galaxy.


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