“If indeed it can secure the financing to negotiate a power purchase agreement [PPA], we believe Argo’s flagship Helios facility could be better monetized,” Canaccord analyst Joseph Vafi told clients in a research note. “But given current macro uncertainty and until Argo can get to the other side of where it is now, we are downgrading shares to hold,” Vafi wrote.
Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes
