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Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing

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The transaction helped Argo bolster its balance sheet and avoid bankruptcy after it found itself in a precarious situation when a deal for $27 million in funding fell through in October, according to a Jefferies analyst. “The lower debt load should provide some relief to ARBK after its previously announced equity raise with a strategic partner fell through,” analyst Jonathan Petersen wrote in a research note dated Dec. 28.

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