Bitcoin Miner Argo’s $27M Fundraise Falls Through; Shares Plunge
Argo Blockchain’s (ARB) said a deal to raise 24 million British pounds (US$27 million) from a strategic investor has fallen through, sending the bitcoin mining company’s shares tumbling as much as 72%. The London-based firm, which earlier this month signed a letter of intent to sell 87 million shares to the investor as it looked to ease liquidity pressures, didn’t say why the agreement had been called off.
