Argo Blockchain’s (ARB) attempt to secure $27 million from a major shareholder has fallen through. Recently, the company entered into a non-binding letter of intent (LOI) with a prominent shareholder to fund around $27 million ($24 million) through the subscription of ordinary shares. The company does not consider the completion of the subscription on the previously disclosed terms. Argo is still looking at more funding sources. Additionally, the company has taken actions to increase liquidity and protect cash. The company’s overall hash rate capacity thus stays at 2.5 EH/s. Argo Seeks Further Financing Argo claims it is looking into alternative The post Bitcoin Miner Argo Failed to Raise $27 Million Fund, Shares Fall appeared first on Cryptoknowmics-Crypto News and Media Platform.
