Argo Blockchain, which has a London Blockchain list, has foiled the investors after its shares stopped on the London Stock Exchange.
As of May 1, the comment comes as the company was absent from the deadline on April 30 to unveil its valuable financial records for 2024.
Only in: 
Argoblockchain Its financial report for 2024 to about 9 May is delayed due to the burden of auditing. PKF Littlejohn LLP near the check. Trading on LSE was suspended from May 1. The first 2024 is the most prominent uninterrupted events: $ 47 million revenues, $ 54.4 million, a net loss. $ Arbk
PKF Littlejohn LLP checks. Although it was confirmed that the operation was about to finish, it announced that it could not end before the organizational deadline.
This means violating the listing regulations in the UK, and ARGO Blockchain had to request a temporary comment for its general inclusion until they published the financial statements.
The shareholders calculated more losses after this step, as ARGO’s shares lost more than 20 % on Wednesday to 2.34 computers.
Financial data highlights the struggle
While Argo Blockchain failed to finish the finishing touches on the full audited accounts, it has unveiled uncomfortable preliminary numbers, which confirmed the deterioration of the company’s financial welfare.
The company saw $ 47 million in 2024, or about 7 % fell from 2023.
However, the net loss acquired attention as it increased by more than 50 % year on an annual basis to $ 54.4 million.
The tremendous losses confirmed wider challenges in the encryption mining industry, including BTC price conflicts in 2024, intensive competition, and high energy costs.
However, the case of Argo Blockchain looks more severe than some of its competitors.
For example, the price of Mara Holdings 1.84 points over the past twelve months.
The uninterrupted cash numbers confirmed the investor’s fear that the company’s financial structure is weakening and that the current leadership has no immediate solution.
Training problems, please blockchain
Commercial comment is part of the conflict it faces in the past months.
The company’s CEO, Thomas Chipas, resigned in January after he held this position for more than one year.
The lack of interpretation after the sudden departure of the CEO of the investor’s concerns about the cases of governance and internal stability.
Meanwhile, critics and most investors are accountable.
The Mining Company has witnessed great support from the executives, influencers and media votes in the past few years.
These promoters supported Argo Blockchain as a profitable project preparing for impressive growth. As mentioned by x one:
Officials for the publication of the bull of this company have long bear the sunset with their pockets full.
So Argoblockchain Finally, its shares are suspended, leaving many investors with great losses. Meanwhile, those responsible for spreading the nonsense of this company have long went to sunset with their pockets full.
This data indicates a sense of betrayal among investors.
PKF Littlejohn LLP shareholders will wait for the audit and Argo Blockchain to spread full financial details.
Only then can the shares of the company can resume trading.
However, the mining company has an arduous battle with the deterioration of financial statements and investor confidence.
ARGO Blockchain requires a major shift in driving and operations to avoid another warning story in the coded currency mining industry.
The post -Argo Blockchain trading in the late financial statements and deepening losses first appeared on Invezz
