“If indeed it can secure the financing to negotiate a power purchase agreement [PPA], we believe Argo’s flagship Helios facility could be better monetized,” Canaccord analyst Joseph Vafi told clients in a research note. “But given current macro uncertainty and until Argo can get to the other side of where it is now, we are downgrading shares to hold,” Vafi wrote.
Source: https://www.coindesk.com/business/2022/11/01/bitcoin-miner-argo-blockchain-loses-more-wall-street-bulls-after-financial-woes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines