NEWSFLOW

Argo Blockchain (#ARB) – CFO Alex Appleton resigns “to pursue other opportunities” (presumably ones with a better financial trajectory than Argo’s!)

NEWSFLOW

Argo Blockchain (#ARB) – for now regained compliance with Nasdaq minimum bid price requirement

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Argo Blockchain woeful December update & things can only get worse!

Oddly, Argo Blockchain (ARB) has only now disclosed that its Helios bitcoin mining facility in Texas (now sold) was shut down by bad weather for most of December. Normal companies might have mentioned it at the time but since when did disgraced CEO Peter Wall give a FF about the rules?

NEWSFLOW

Argo Blockchain (#ARB) – December “Operational Update”, more losses (natch!)

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Argo Blockchain (#ARB) – closes bailout (for now) deal with Galaxy Digital (TSX - GLXY)

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Argo Blockchain (#ARB) – to sell Helios facility for $65m and get $35m loan from Galaxy Digital (TSX - GLXY)

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Argo Blockchain (#ARB) – not in compliance with Nasdaq “minimum bid price requirement”, deadline set to regain compliance

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Argo Blockchain back from suspension, shares crash, statement is dire

So the rapidly deleted web pages from the Argo Blockchain (ARB) website, which you can see HERE, were real – it ‘fessed last night, Chapter 11 is a very real possibility. The statement will bring no comfort to the bulls bit at least it means the shares can trade again and they have duly slumped by 48% to 3.5p. That is 3.5p too high.

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When you bank is trouble you are really screwed – yes its Argo Blockchain again

We still have no statement from Argo Blockchain (ARB) regarding its share suspension on Friday and a possible Chapter 11 filing. But if you think Argo has problems ( it does it is bust) have a look at its main bank, NYDIG, the company’s primary secured lender.

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Argo Blockchain (#ARB) – November further loss, “continues to engage in financing discussions”. Good luck!