Argo Blockchain may have accidentally revealed plans for bankruptcy Argo Blockchain may have accidentally revealed plans for bankruptcy
Crypto mining company Argo Blockchain may be filing for bankruptcy, according to an accidental announcement.
1 min read
Updated: Dec. 12, 2022 at 1:46 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Argo Blockchain, a crypto mining company, has reportedly accidentally revealed a petition for bankruptcy. This news was reported by Will Foxley, the Content Director at Compass Mining, who shared a screenshot of the special announcement from Argo Blockchain, which was dated for Dec. 12.
The announcement suggests Argo may be preparing to file for bankruptcy, per the screenshot of a document released by Foxley.
Additionally, on Dec. 9, it was reported that Argo’s shares had been temporarily suspended by the UK’s Financial Conduct Authority (FCA) after the company disclosed a decline in revenue for November.
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Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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Argo Blockchain
Argo Blockchain is a cryptocurrency miner that uses renewable sources of power to support the growth and development of blockchain technologies.
