Argo Blockchain accidentally reveals plans for bankruptcy Josh O’Sullivan · 1 hour ago · 1 min read
Crypto mining company Argo Blockchain may be filing for bankruptcy, according to an accidental announcement.
1 min read
Updated: December 9, 2022 at 10:03 pm
Cover art/illustration via CryptoSlate
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.
Argo is preparing for a bankruptcy on Monday, per a screenshot of a document sent my way (likely accidentally posted). https://t.co/aXmFuMNSXF pic.twitter.com/kQtLwZOKct
— Will Foxley 🧭 (@wsfoxley) December 9, 2022
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.
