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Argo Blockchain Requests Temporary Suspension of Trading on NASDAQ

Bitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on Nasdaq, according to a Dec. 27 press release. The company said it needed to suspend trading because of an announcement that will come on Dec. 28 and because the London Stock Exchange is closed on Dec. 27. Argo said that it expects shares to resume Nasdaq trading on Dec. 28.  

The statement comes after the company has been plagued with financial problems and faced bankruptcy rumors due to rising energy costs and falling Bitcoin prices.

Related News:

Argo Blockchain PLC Requests the Restoration of Trading on the London Stock Exchange

Bitcoin Mining Companies Close Out Year $4 Billion in Debt

Bitcoin Miners To Be Offline In Europe Amid Energy Crisis

Bitcoin Mining Report: Argo Blockchain Tumbles 38% After Bankruptcy Gaffe

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