Bitcoin miner Argo Blockchain (ARB) is facing challenging business conditions in 2022 marked by high energy prices, rising interest rates and cryptocurrency market slump.
The company has sold its mining equipment, a 15% stake sale and bitcoin holdings to shore up its working capital until favourable economic conditions return.
With cryptocurrency miner Core Scientific becoming the latest to flag bankruptcy risks, investors have stayed clear of the bitcoin mining sector in 2022.
As of 28 October 2022, Argo Blockchain’s London-listed shares have slumped over 80% year-to-date. Will Argo Blockchain share price extend its sell-off? Here we take a look at what Argo Blockchain stock sale means for the price.
What is Agro Blockchain?
Argo Blockchain is a cryptocurrency mining company based in London, England. The company’s primary listing is on the London Stock Exchange (LSE) under the ticker ARB.
In September 2021, Argo Blockchain listed its American depositary…
