NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Argo Blockchain plc (“Argo” or the “Company”), ARBK ARBKL))) and certain officers and directors. The class action, filed in the United States District Court for the Eastern District of New York and registered at 23-cv-00572, is brought on behalf of a class consisting of all persons and entities other than the defendants who purchased or otherwise acquired: ( a) Argo American Depository Shares (“ADSs”) pursuant to and/or traceable to the offering documents (defined below) issued in connection with the Company’s initial public offering on or about September 23, 2021 (the “IPO” or the “Offering” ) were published ); and/or (b) Argo Securities between September 23, 2021 and October 10, 2022, both dates inclusive (the “Collection Period”). Plaintiff is pursuing claims against Defendants under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a Shareholder who (a) purchased or otherwise acquired Argo ADSs pursuant to and/or traceable to the offering materials issued in connection with the Company’s IPO and/or (b) Argo Securities during the Class Period, you have until as of March 27, 2023 to ask the court to appoint you as lead plaintiff for the class. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Individuals inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Argo, along with its subsidiaries, purports to be engaged in the cryptocurrency mining business worldwide, including the mining of bitcoin or bitcoin equivalents (collectively “BTC”).

Argo operates a fleet of thousands of BTC mining machines at facilities in Canada and Dickens…