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Market Cap:
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Bitcoin Bitcoin Share: 58.49%
Markets: 99652
TheBlock
2022-11-01 13:49:09

Analysis of Argo Blockchain’s Distressed Situation

Analysis of Argo Blockchain’s Distressed Situation

Quick TakeOctober 31, 2022 Argo Blockchain reported its $27mm financing plans dissolvedArgo shares fell (50.2%) in 1-day trading, closing at 7.77 GBX / share or $0.09 / share Argo Management to explore additional financing options as liquidity and capital dries up across the digital asset sector Mined 215 BTC in Sep-22, a (8.5%) decline MoM from 235 BTC in Aug-22For additional coverage on digital asset miners please see:Analysis of Core Scientific’s Potential BankruptcyCommentary on Riot Blockchain’s Q2’22 EarningsCommentary on Stronghold Digital Mining’s Q2’22 EarningsCommentary on Marathon Digital Holding’s Q2’22 Earnings

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