Suspension of trading on Nasdaq for Argo Blockchain plc
LONDON, 27 December 2022–(BUSINESS WIRE)–Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces that it has requested a trading halt for its ADSs and unsecured notes traded on Nasdaq Global Select Market as the London Stock Exchange is closed for trading on Tuesday, December 27, 2022. The Company expects trading on the Nasdaq to resume on Wednesday, December 28, 2022 after the Company makes an announcement expected to be made prior to the opening of trading on Wednesday, 28 .December 2022.
Inside information and forward-looking statements
This announcement contains inside information and includes forward-looking statements that reflect the current views, interpretations, beliefs or expectations of the Company or, as applicable, the Board of Directors with respect to the Company’s financial results, business strategy and management’s plans and objectives for future operations. These statements include forward-looking statements both with respect to the company and the sector and industry in which the company operates. Statements that include the words “remains confident”, “expects”, “intends”, “plans”, “believes”, “projects”, “anticipates”, “will”, “goals”, “goals”, “may” “would”, “could”, “continue”, “estimate”, “future”, “possibility”, “potential” or, in each case, their negative aspects, and similar statements of a future or forward-looking nature identify forward-looking statements . All forward-looking statements involve matters that involve risks and uncertainties because they relate to events that may or may not occur in the future, including the following risks, among others: the planned transaction may not be completed on the expected terms or at all; The company’s insufficient cash may require it to file for bankruptcy in the future; and in the event that the company is required to file for bankruptcy, the company may be unable to emerge from the bankruptcy as a going concern; and the company’s inability to secure sufficient additional financing to meet its operating needs. Forward-looking statements are not guarantees of future performance. Consequently, there are or will be important factors that may lead to the company’s actual results, prospects and results deviating significantly from those stated in these statements. In addition, even if the Company’s actual results, prospects and performance are consistent with the forward-looking statements contained in this document, these results may not be indicative of results in subsequent periods. These forward-looking statements speak only as of the date of this announcement. Subject to any obligations under the Prospectus Regulation, the Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency Rules, and except as required by the FCA, the London Stock Exchange, the City Code or applicable laws and regulations, the Company undertakes no public obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. For a more complete discussion of factors that could cause our actual results to differ from those described in this announcement, please refer to the filings that the Company files from time to time with the United States Securities and Exchange Commission and the United Kingdom Financial Conduct Authority, including the section entitled “Risk Factors” in the Company’s Registration Statement on Form F-1.
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With its flagship mining facility in Texas, and offices in the US, Canada and the UK, Argo’s global, sustainable operations are powered primarily by renewable energy. In 2021, Argo became the first climate-positive cryptocurrency mining company, signing the Crypto Climate Accord. Argo also participates in several Web 3.0, DeFi and GameFi projects through its Argo Labs division, further contributing to its business operations, as well as the development of the cryptocurrency markets. For more information, visit www.argoblockchain.com.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20221227005129/en/
Contacts
For more information please contact:
Argo Blockchain
Peter Wall
CEO
[email protected]
finnCap Ltd
Corporate Finance
Jonny Franklin-Adams
Seamus Fricker
Joint business broker
Sunila de Silva
+44 207 220 0500
Tennyson Securities
Joint business broker
Peter Krens
+44 207 186 9030
Tancredi intelligent communication
Media relations in the UK and Europe
Salamander Davoudi
Emma Valgimigli
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
[email protected]
