Shares in crypto miner Argo Blockchain have plummeted after the company revealed that a planned £24 million ($27 million) fundraise will no longer go ahead. The business, which is listed on both the London Stock Exchange and Nasdaq, said in a statement to shareholders that plans to raise more cash by selling shares will no longer be completed under the terms previously announced. The company’s share price dropped by 40% in early trading on the London market following the news, while its New York shares were down 37.5% in pre-market trading. “While Argo is exploring other financing opport ...
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