Argo Blockchain will be delisting from the London Stock Exchange, and creditors will receive 87.5% equity.

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[Coin World] Argo Blockchain is one of the first publicly listed Bitcoin miners, planning to delist from the London Stock Exchange on December 9 as part of a court-supervised capital restructuring and debt restructuring plan, while retaining its listing status on Nasdaq. Under the plan, the largest creditor Growler Mining LLC will receive 87.5% of the equity, bondholders will receive 10%, and existing shareholders will only receive 2.5%. The company has drawn $5.38 million from a $7.5 million loan provided by Growler. This restructuring aims to address the financial difficulties exacerbated by outdated mining equipment and rising costs following the Bitcoin Halving in 2024.

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UnluckyValidatorvip
· 10-23 11:34
The banquet has started.
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