Argo Blockchain stock dips on strategic actions to raise additional capital

Oct. 07, 2022 5:56 AM ETArgo Blockchain plc (ARBK)By: Preeti Singh, SA News Editor2 Comments

Rows of dedicated ASIC for cryptocurrency mining farm. Bitcoin, Ethereum and other altcoins producing rig.

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Argo Blockchain (NASDAQ:ARBK) shares dipped 14% premarket on Friday after the cryptocurrency mining firm outlined several strategic actions to bring in additional capital to the business and strengthen its balance sheet.

The company's profitability and free cash

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