Bitcoin Miner Argo’s Shares Suspended in UK as Revenue Declines
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The London-based company’s stock has already tumbled more than 90% this year. The American depository receipts are down a similar amount.
Shares of Argo Blockchain Plc were temporarily suspended by the UK's Financial Conduct Authority after the beleaguered Bitcoin miner disclosed a November decline in revenue. The London-based company's stock has already tumbled more than 90% this year. The American depository receipts are down a similar amount. In October, the mining firm was warned that it could be forced to shut down after a $27 million share sale appeared to have collapsed. In November, Argo said in a statement Friday that it had mined 198 Bitcoin, compared to 204 in October. Argo Blockchain said it continues to engage in financing discussions to provide the firm wit...