Argo Blockchain – dismal May stats, clearly refinancing needed to ward off the Fat Lady
By Tom Winnifrith | Wednesday 7 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.
Natch, the May operational update from Argo Blockchain (ARB) is highly selective, missing out all the really bad bits. But there is enough there to see that it is not generating cash and that it is creaking under mountainous debt.
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