1. Bitcoin miner Argo Blockchain's previous $27 million funding plan has been announced as a failure. The Company sold 3,843 new-in-box Bitmain S19J Pro machines for cash proceeds of $5.6 million. If Argo is unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations.
Global Crypto Mining News (Oct 31 to Nov 6)
Global Crypto Mining News (Oct 31 to Nov 6)
Global Crypto Mining News (Oct 31 to Nov 6)
1. Bitcoin miner Argo Blockchain's previous $27 million funding plan has been announced as a failure. The Company sold 3,843 new-in-box Bitmain S19J Pro machines for cash proceeds of $5.6 million. If Argo is unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations.