News
Significance:
6/10

Argo’s creditor grabs 87.5% stake in struggling miner in bold takeover move

https://cointelegraph.com/news/argo-growler-mining-takeover-restructuring

Amin Haqshanas

Mentions

Regions

Code
Name
UK
🇬🇧United Kingdom
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bearish
The company is struggling with declining Bitcoin output and high energy costs, leading to a creditor takeover.
Bullish
Growler Mining gains control and operational power over Argo Blockchain through the debt-for-equity swap.