Argo Blockchain: Why Investors Should Be Concerned

We think that investors wanting exposure to bitcoin can find better opportunities than Argo Blockchain elsewhere.

Divesting from Argo into other assets would have the added benefit of avoiding a company that appears to have displayed serious governance failures and has significantly diluted investor shareholdings over the past year.

Argo has diluted shareholders by 52% so far this year with further dilution likely given potential capex requirements of $1.5-2 billion for the Texas project.