Bitcoin Miner Argo Blockchain Shares Climb After Recovering Nasdaq Listing

The transaction helped Argo strengthen its balance sheet and avoid bankruptcy after it found itself in a precarious position when a $27 million financing deal fell through in October, according to a Jefferies analyst. “Deleveraging should bring some relief to ARBK after its previously announced capital raise with a strategic partner failed,” analyst Jonathan Petersen wrote in a Dec. 28 research note.

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