Argo Blockchain suspends the arrows amid the delays of accounting

The ARGO Blockchain company is forced into a London list to request a public shares to suspend its public shares after the delay in issuing its accounts.

The company announced today that it will not be able to meet the deadline for issuing its results required by the general insertion system in the United Kingdom.

Under the United Kingdom Law, the encryption company was asked to publish its financial accounts for 2024 by Wednesday April 30. The company claimed that its auditor, PKF Littlejohn LLP, confirmed that although the audit process was “close to completion”, it was unable to finish the deadline.

Because of this delay, ARGO Blockchain requested a temporary comment to include its shares from the London Stock Exchange, which will enter on the morning of May 1 so that she can put the finishing touches on her accounts and publish them.

Argo Blockchain shares, which were publicly included in 2018, fell on the fifth on Wednesday, reaching 2.34p, after the announcement.

Although the company was unable to publish its full accounts for 2024, it has issued preliminary inverted numbers indicating that the losses expanded last year by more than 50 %, reaching 54.4 million dollars (40.7 million pounds). Revenue for this period decreased by 7 % to 47 million dollars (35.2 million pounds).

This news follows resignation From the CEO of Argo Blockchain Thomas Chippas in January, who ran the role for a little more than a year.

London -based Argo Blockchain was founded in 2017, and it manages currency mining facilities in Quebec and Texas.

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