1 year ago
Bitcoin mining steadfast Argo blockchain has requested to suspend the trading of its US shares connected NASDAQ, effectual Dec. 27.
The troubled mining steadfast said successful a Dec. 27 property release, that the determination to suspend trading of its shares, is related to an announcement owed connected Dec. 28.
As a result, Argo has requested that the UK Financial Conduct Authority (FCA) suspends trading of its ADDs and unsecured notes connected NASDAQ for astir 24 hours, arsenic the London Stock Exchange marketplace closes connected Dec. 27.
Expectedly, trading for Argo’s mean shares volition resume connected Dec. 28, 2022, aft the announcement has been released.
Meanwhile, earlier connected Dec. 10, the FCA suspended trading of Argo’s ARB shares, arsenic reports emerged that the mining steadfast was looking to record for bankruptcy.
About 48 hours later, Argo requested that the trading of its shares beryllium restored connected the London Stock Exchange.
Argo stated that though it had not filed for bankruptcy yet, it is astatine hazard of not having capable currency to enactment its concern operations implicit the adjacent month.
The station Argo blockchain to suspend trading connected NASDAQ for 24 hours appeared archetypal connected CryptoSlate.
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