Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-12-08 14:29:15

Argo Blockchain stock dips after reaching settlement with Celsius

Argo Blockchain (NASDAQ:ARBK) stock slides 3.5% in premarket trading after the crypto mining company agreed to pay $6.32M to settle litigation with Celsius and terminate their Nov. 2, 2020 lease agreement. As part of the settlement, Celsius transferred to Argo the title for Bitmain S19 Antminer S19 Pro mining machines covered by the lease. Argo (ARBK) also agreed to terminate its mining services arrangement with Celsius in return for a payment from Celsius to Argo in the form of bitcoin (BTC-USD). Remaining terms of the resolution weren't disclosed. In October, Argo Blockchain (ARBK) stock climbed after October mining revenue increased from September and the miner increased its mining capacity.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.