Analysis of Argo Blockchain’s Distressed Situation
Quick Take
- October 31, 2022 Argo Blockchain reported its $27mm financing plans dissolved
- Argo 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-22
- For additional coverage on digital asset miners please see:
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Author: Greg Lim