Argo Blockchain plc happens to be a company actively engaged in activities related to cryptocurrency mining. At this point, the company has reached out and made an earnest enough appeal to the UK Financial Conduct Authority to once again restore the listing of its ordinary shares. In their opinion, this should be done and achieved as soon as possible. Incidentally, the company has a rock-solid standing and is no less than a global leader in its rights.
In the present scenario, the company is seemingly in a situation where it does not possess enough cash to fulfill the existing business-related activities. In this regard, the company has approached a third party, with the aim and intention of selling off selected assets, along with undergoing an equipment financing deal, wherein, in their opinion, the balance sheet will look and feel more up-to-date and will also bring about an improvement on its liquidity.
In this case, Argo blockchain plc wants to avoid filing for bankruptcy in the United States. However, there is a great possibility that the factor, in all probability, may not be able to be avoided. Therefore, in this matter, the company has resorted to taking professional help from McDermott Will & Emery LLP as its legal advisor.
Source: https://www.cryptonewsz.com/argo-blockchain-plc-requests-the-restoration-of-trading-on-the-london-stock-exchange/