NASDAQ: ARBK

Argo Blockchain plc

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the American Depository Shares (“ADSs”) of Argo Blockchain plc (NASDAQ: ARBK): (i) pursuant and/or traceable to the Offering Documents issued in connection with the Company’s initial public offering conducted on or about September 23, 2021 (the “IPO” or “Offering”); and/or (ii) securities between September 23, 2021 and October 10, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than March 27, 2023.

If you purchased Argo securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Company's IPO and/or September 23, 2021 through October 10, 2022
If you purchased Argo securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the Offering documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Offering documents and defendants made false and/or misleading statements and/or failed to disclose that:

  • Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties;
  • the foregoing issues hampered, among other things, Argo’s ability to mine Bitcoin (BTC), execute its business strategy, meet its obligations, and operate its Helios facility;
  • as a result, Argo’s business was less sustainable than Defendants had led investors to believe;
  • accordingly, Argo’s business and financial prospects were overstated; and
  • as a result, the Offering Documents and Defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Argo Blockchain plc
Stock Symbol: ARBK
Class Period: Pursuant and/or traceable to the Company's IPO and/or September 23, 2021 through October 10, 2022
Court: United States District Court Eastern District of New York

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Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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