Argo Blockchain (GB:ARB) has released an update.
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Argo Blockchain has successfully raised £4.2 million through an institutional subscription, issuing 76.9 million ordinary shares. The funds will support strategic initiatives, including the potential relocation or sale of mining equipment in Texas and maintaining Bitcoin mining operations in Quebec. This move strengthens Argo’s financial position as it explores diversification into high-performance computing.
For further insights into GB:ARB stock, check out TipRanks’ Stock Analysis page.
