WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,527.11 0.91%Ethereum (ETH) $1,626.73 0.05%BNB (BNB) $213.85 0.38%XRP (XRP) $0.501541 0.89%Cardano (ADA) $0.246308 0.32%Solana (SOL) $19.23 0.94%Dogecoin (DOGE) $0.060995 0.38%Polkadot (DOT) $4.05 0.30%Shiba Inu (SHIB) $0.000007 0.43%Dai (DAI) $1.00 0.03%TRON (TRX) $0.085517 0.46%Polygon (MATIC) $0.511542 0.40%Avalanche (AVAX) $9.15 0.33%Uniswap (UNI) $4.32 2.09%Litecoin (LTC) $64.01 1.71%
Crypto Prices
WebsCrypto
News

Argo Blockchain Requests Suspension of Trading as Company Prepares to Announce Major Update

By Simon LawsonDecember 28, 20222 Mins Read
Argo Blockchain Requests Suspension of Trading as Company Prepares to Announce Major Update
Share
Facebook Twitter Telegram LinkedIn Reddit Email

London-based bitcoin BTC -0.91% miner Argo Blockchain has announced that it has requested the suspension of trading its company shares on December 27, 2022. The company stated that it expects to make a major announcement on December 28, 2022.

Recent Developments for Argo Blockchain

Argo Blockchain’s stock has seen significant losses year-to-date, with a loss of 96.34%. In an effort to improve its balance sheet and liquidity, the company announced on December 12 that it was in advanced negotiations with a third party to sell certain assets.

Advertisements

The company did not provide any further details on the nature of the assets being sold or the identity of the third party. However, the announcement caused a significant drop in the company’s stock price, leading to speculation among investors and industry analysts.

What to Expect from the Upcoming Announcement

It is currently unclear what the announcement from Argo Blockchain will entail. The company has not provided any hints or clues as to the content of the announcement.

Related News:
  • Robinhood Reacquires Sam Bankman-Fried’s Stake for $606 Million
  • Bitcoin Plummets Below $26,000 as Major Cryptocurrencies Wipe Out Weekly Gains
  • Polygon’s Innovative Development Tools Empower Developers to Build, Customize, and Deploy on Ethereum’s Layer 2
  • Binance Announces New Stablecoin Amidst Plans to Discontinue BUSD Support

Some speculators believe that the announcement may be related to the company’s ongoing efforts to improve its financial stability. Others believe that it may be related to new developments or partnerships within the cryptocurrency industry.

Regardless of the content of the announcement, it is likely to have a significant impact on the company’s stock price and investor sentiment.

The Future of Argo Blockchain

As one of the largest bitcoin mining companies in the world, Argo Blockchain has played a significant role in the development of the cryptocurrency industry. The company’s request for a suspension of trading and upcoming announcement have raised questions about the company’s future direction.

It remains to be seen how the company will navigate the volatile and rapidly-evolving cryptocurrency market in the coming months and years. However, with a strong track record and a commitment to innovation, it is likely that Argo Blockchain will continue to play a key role in the industry.

The announcement is expected to have a significant impact on the company’s stock price and investor sentiment.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Blockchain Cryptocurrency Mining
Simon Lawson
  • X (Twitter)

Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

Recommended Reading

Business September 28, 2023

Chase UK Takes a Firm Stance Against Cryptocurrency Transactions Amid Rising Scams

News September 28, 2023

Inflationary Market Bitcoin and Ethereum Remain Steady as Correlation with U.S. Stocks Rises

Markets September 28, 2023

Bitcoin Soars 80% This Year, Outpacing Global Stocks Amid U.S. Banking Crisis and Diminishing Binance Concerns

Markets September 28, 2023

Texas Takes the Lead in Bitcoin Mining, Accounting for 28.5% of US’s Hashrate

News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

News September 27, 2023

Federal Reserve Report Explores Financial Stability Implications of Tokenized Assets, Citing Growth and Interconnectivity Concerns

The Latest
Business September 28, 2023

Chase UK Takes a Firm Stance Against Cryptocurrency Transactions Amid Rising Scams

News September 28, 2023

Inflationary Market Bitcoin and Ethereum Remain Steady as Correlation with U.S. Stocks Rises

Markets September 28, 2023

Bitcoin Soars 80% This Year, Outpacing Global Stocks Amid U.S. Banking Crisis and Diminishing Binance Concerns

Markets September 28, 2023

Texas Takes the Lead in Bitcoin Mining, Accounting for 28.5% of US’s Hashrate

News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.