{"id":42864,"date":"2022-12-27T15:32:20","date_gmt":"2022-12-27T19:32:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=42864"},"modified":"2022-12-27T15:32:23","modified_gmt":"2022-12-27T19:32:23","slug":"agro-blockchain-halts-trading-amid-bankruptcy-fear","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/agro-blockchain-halts-trading-amid-bankruptcy-fear\/","title":{"rendered":"Agro Blockchain halts trading amid bankruptcy fear"},"content":{"rendered":"\n
The London-based Bitcoin mining firm, Agro Blockchain<\/a> suspended its operation for a day on 27th December, Tuesday. <\/h5>\n\n\n\n
\"Agro
Agro Blockchain halts trading amid bankruptcy fear<\/figcaption><\/figure>\n\n\n\n

Agro Blockchain, a bitcoin mining company with offices in London, has declared that it will start up again on December 28.The company announced that because Tuesday, December 27, is a trading holiday on the London Stock Exchange, it has asked for a 24-hour suspension of trade with the United States.<\/p>\n\n\n\n

This bitcoin mining company indicated earlier this month, on December 12, in a filing to the London Stock Exchange, that it is reforming itself and not declaring for bankruptcy<\/a> just yet. The corporation is reportedly in the advanced stages of negotiations to sell its assets and reduce liquidity, according to the statement. The company did note that it was unable to promise the same, though.<\/p>\n\n\n\n

WHAT IS ARGO?<\/h2>\n\n\n\n

Argo Blockchain plc is a blockchain technology company that focuses on large-scale cryptocurrency mining<\/a> and has dual listings on the NASDAQ and ARBK exchanges. <\/p>\n\n\n\n

Renewable energy is the principal source of power for Argo's global, sustainable activities, which include its main mining facility in Texas and headquarters in the US, Canada, and UK.<\/p>\n\n\n\n

In 2021, Argo became the first cryptocurrency mining company to be climate-positive and signed the Crypto Climate Accord. Argo participates in a number of Web 3.0, DeFi, and GameFi projects through its subsidiary Argo Labs, considerably expanding both its business operations and the expansion of the cryptocurrency markets.<\/p>\n\n\n\n

THE SITUATION OF BITCOIN MINERS<\/h1>\n\n\n\n

Bitcoin's price is declining and doesn't seem to be getting much better any time soon. Additionally, both the difficulty and hash rate of mining bitcoin will increase throughout the course of the upcoming year.<\/p>\n\n\n\n

If the price of bitcoin remains unchanged or falls further as the hash rate increases even marginally over the next year, mining revenues will continue to fall.<\/p>\n\n\n\n

But there is a chance for miners with cash on hand and low-cost operations to benefit from the downturn. Investors looking for value during the downturn market will have a great chance to purchase affordable shares of profitable miners\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

For the North American bitcoin mining sector, the upcoming year will signal a turning point, separating the long-term participants from the average operators who joined while the going was good but were unprepared for the harsh realities of a down market.<\/p>\n","protected":false},"excerpt":{"rendered":"

The London-based Bitcoin mining firm, Agro Blockchain suspended its operation for a day on 27th December, Tuesday. Agro Blockchain, a bitcoin mining company with offices in London, has declared that it will start up again on December 28.The company announced that because Tuesday, December 27, is a trading holiday on the London Stock Exchange, it […]<\/p>\n","protected":false},"author":43,"featured_media":42866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12828,10893,754],"class_list":["post-42864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-agro-blockchain","tag-bankruptcy","tag-bitcoin-mining"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/20221227_201704_0000.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/42864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=42864"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/42864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/42866"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=42864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=42864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=42864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}