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Argo Blockchain dire Q1 results even as Bitcoin surged and things are only going to get worse

By Tom Winnifrith | Tuesday 6 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


For reasons I cannot explain the bitcoin price surged in the first quarter of calendar 2023 so Argo Blockchain (ARB) prospered right? Er…wrong. Quarterlies out today are dismal and what it does not say about the current balance sheet should have shareholders running for the hills.
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