Bitcoin Miner Argo Blockchain's Shares Climb After Regaining Nasdaq Listing

Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing


The transaction helped Argo bolster its balance sheet and avoid bankruptcy after it found itself in a precarious situation when a deal for $27 million in funding fell through in October, according to a Jefferies analyst. “The lower debt load should provide some relief to ARBK after its previously announced equity raise with a strategic partner fell through,” analyst Jonathan Petersen wrote in a research note dated Dec. 28.

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