Suspension of Trading on Nasdaq for Argo Blockchain plc
December 27 2022 - 6:20AM
Business Wire
Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining, announces that it has requested a suspension
of trading for its ADSs and unsecured notes traded on the Nasdaq
Global Select Market as the London Stock Exchange is closed for
trading on Tuesday, 27 December 2022. The Company expects that
trading on Nasdaq will resume on Wednesday, 28 December 2022 after
the Company makes an announcement that is expected to be released
before opening of trading on Wednesday, 28 December 2022.
Inside Information and Forward-Looking Statements
This announcement contains inside information and includes
forward-looking statements which reflect the Company's or, as
appropriate, the Directors' current views, interpretations, beliefs
or expectations with respect to the Company's financial
performance, business strategy and plans and objectives of
management 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 which
include the words "remains confident", "expects", "intends",
"plans", "believes", "projects", "anticipates", "will", "targets",
"aims", "may", "would", "could", "continue", "estimate", "future",
"opportunity", "potential" or, in each case, their negatives, and
similar statements of a future or forward-looking nature identify
forward-looking statements. All forward-looking statements address
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 contemplated transaction may not
completed on anticipated 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 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. Accordingly,
there are or will be important factors that could cause the
Company's actual results, prospects and performance to differ
materially from those indicated 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, those 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 Rules, 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 law and regulations, the Company undertakes no
obligation publicly 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
Company makes 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 predominantly powered by renewable energy. In 2021, Argo became
the first climate positive cryptocurrency mining company, and a
signatory to 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221227005129/en/
For further information please contact: Argo Blockchain Peter
Wall Chief Executive ir@argoblockchain.com finnCap
Ltd Corporate Finance Jonny Franklin-Adams Seamus
Fricker Joint Corporate Broker Sunila de Silva +44
207 220 0500 Tennyson Securities Joint Corporate Broker
Peter Krens +44 207 186 9030 Tancredi Intelligent
Communication UK & Europe Media Relations Salamander
Davoudi Emma Valgimigli Fabio Galloni-Roversi
Monaco Nasser Al-Sayed
argoblock@tancredigroup.com
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