WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
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 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.

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:  Nike's NFT Brand RTFKT CEO Loses Almost $200,000 in NFTs in Phishing Attack

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 Crypto Cryptocurrency Market
Related News

Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years

India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023

Mike Novogratz: Despite U.S. Regulations, Cryptocurrency Markets Have Been Strong This Year

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection

The Latest
News March 30, 2023
Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years
News March 30, 2023
India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023
Markets March 30, 2023
Mike Novogratz: Despite U.S. Regulations, Cryptocurrency Markets Have Been Strong This Year
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

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