Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / ARBKF - Argo Blockchain: Bleak Prospects (Rating Downgrade)

ARBKF - Argo Blockchain: Bleak Prospects (Rating Downgrade)

Argo Blockchain

2024-03-18 10:43:09 ET

Summary

  • Argo Blockchain has been losing money and recently appointed a new CEO, leading to a pessimistic outlook for its prospects.
  • The company's business model has not proven itself, with significant operating and comprehensive losses.
  • The weak balance sheet, heavy cash burn, and outstanding debt raise concerns about liquidity, potentially leading to further share dilution or bankruptcy.

Bitcoin miner Argo Blockchain ( ARBKF ) has been losing money and recently got a new chief executive. Despite that, I remain downbeat about its prospects....

For further details see:

Argo Blockchain: Bleak Prospects (Rating Downgrade)
Stock Information
Company Name: Argo Blockchain
Stock Symbol: ARBKF
Market: OTC
Website: argoblockchain.com
Menu
ARBKF ARBKF Quote ARBKF Short ARBKF News ARBKF Articles ARBKF Message Board
Get ARBKF Alerts

News, Short Squeeze, Breakout and More Instantly...