Argo Blockchain, a crypto mining company, has reportedly accidentally revealed a petition for bankruptcy. This news was reported by Will Foxley, the Content Director at Compass Mining, who shared a screenshot of the special announcement from Argo Blockchain, which was dated for Dec. 12.
Argo is preparing for a bankruptcy on Monday, per a screenshot of a document sent my way (likely accidentally posted). https://t.co/aXmFuMNSXF pic.twitter.com/kQtLwZOKct
— Will Foxley
(@wsfoxley) December 9, 2022
The announcement suggests Argo may be preparing to file for bankruptcy, per the screenshot of a document released by Foxley.
Additionally, on Dec. 9, it was reported that Argo’s shares had been temporarily suspended by the UK’s Financial Conduct Authority (FCA) after the company disclosed a decline in revenue for November.
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Source: https://cryptoslate.com/argo-blockchain-accidentally-reveals-plans-for-bankruptcy/