Argo’s creditor grabs 87.5% stake in struggling miner in bold takeover move
NegativeCryptocurrency

Argo Blockchain is set to delist from the London Stock Exchange after its main creditor, Growler Mining, took control of 87.5% of the company through a debt-for-equity swap. This significant move highlights the struggles faced by Argo, a miner in the cryptocurrency sector, and raises concerns about the future of the company and its impact on investors. The takeover reflects broader challenges in the mining industry, making it a critical moment for stakeholders.
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