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.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/business/2023/01/23/bitcoin-miner-argo-blockchains-shares-climb-after-regaining-nasdaq-listing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- 28
- a
- According
- After
- analyst
- and
- announced
- Argo
- Argo Blockchain
- Balance
- Balance Sheet
- Bankruptcy
- Bitcoin
- Bitcoin Miner
- blockchain
- bolster
- climb
- Coindesk
- dated
- deal
- Debt
- equity
- Ether (ETH)
- found
- funding
- helped
- HTTPS
- images
- in
- IT
- itself
- listing
- load
- million
- miner
- Nasdaq
- Nasdaq Listing
- october
- partner
- plato
- Plato Data Intelligence
- PlatoData
- previously
- provide
- raise
- relief
- research
- Shares
- should
- situation
- some
- Strategic
- strategic partner
- The
- Through
- to
- transaction
- zephyrnet
More from CoinDesk
A DAO That Literally Wants to Party on The Moon Just Sent a Viral YouTuber to Space
Source Node: 1610830
Time Stamp: Aug 6, 2022
Helium, Building Out Mobile Network, Plans to Give Free Trials to Solana Phone Users
Source Node: 1735530
Time Stamp: Nov 5, 2022
First Mover Americas: FTT Token at Center of New U.S. Charges in FTX Case
Source Node: 1781074
Time Stamp: Dec 22, 2022
Goldman Sachs Is Trying to Make Blockchain Bonds Happen
Source Node: 1770728
Time Stamp: Dec 11, 2022
Judge Denies Sam Bankman-Fried Request for a Longer Sentencing Process
Source Node: 3028267
Time Stamp: Dec 20, 2023
Bank of England Deputy Governor Says Existing Financial Regulations Should Extend to Crypto
Source Node: 1703062
Time Stamp: Sep 28, 2022
Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
Source Node: 1912500
Time Stamp: Jan 20, 2023
Bitcoin's Pre-Fed Weakness Has Chart Analysts Focused on Support at $18.3K
Source Node: 1671353
Time Stamp: Sep 20, 2022
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
Source Node: 2958842
Time Stamp: Oct 27, 2023
Grayscale Setting Up for Bitcoin ETF Race by Hiring Industry Veteran from Invesco
Source Node: 2991731
Time Stamp: Dec 1, 2023