Levi & Korsinsky notifies investors that it has commenced an investigation into Argo Blockchain plc (NASDAQ: ARBK) concerning potential violations of the federal securities laws.
Argo issued a press release, on March 5, 2024, “announc[ing] that it has entered into an agreement for the sale of its data center located in Mirabel, Quebec (the ‘Mirabel Facility’) for total consideration of $6.1 million (the ‘Transaction’)” and that “[t]he net proceeds from the Transaction are expected to first repay the Mirabel Facility’s outstanding mortgage in full, with the remainder expected to be used to repay debt owed to Galaxy Digital Holdings, Ltd.” Following this news, Argo’s price fell over 10%.
If you suffered a loss on your Argo Blockchain securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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