Blockchain company makes major move that could reshape future of crypto: ‘Improve the efficiency’
A cryptocurrency company is departing from the London Stock Exchange as part of a restructuring plan. The move could have lasting effects on the future of crypto.
According to TipRanks, Argo Blockchain announced in October that it would delist from the exchange. As a result, shareholders’ equity will be diluted, dropping to a 2.5% stake.
Additionally, leaving the stock exchange will alter Argo’s reporting requirements, per the outlet. The move may also impact regulatory protections, trading, and tax consequences for shareholders.
Argo Blockchain focuses on large-scale mining powered by clean energy, making it a unique industry player, per TipRanks. It’s also the first climate-positive crypto company that aligns with the…
