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Tuesday, 11/01/2022 6:48:52 AM

Tuesday, November 01, 2022 6:48:52 AM

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Argo Blockchain's said a deal to raise 24 million British pounds (US$27 million) from a strategic investor has fallen through, sending the bitcoin mining company's shares tumbling as much as 72%.
The London-based firm, which earlier this month signed a letter of intent to sell 87 million shares to the investor as it looked to ease liquidity pressures, didn't say why the agreement had been called off. It is working to secure other deals to provide working capital for the next 12 months.
https://www.coindesk.com/business/2022/10/31/bitcoin-miner-argos-27m-fundraise-falls-through-shares-plunge/
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