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
Mentions
Organizations |
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. |