RE: Newbie Question5 Dec 2023 10:31
Argo built a state of the art mining facility during the last bull run and then sold it for a pittance because of financial mismanagement. They bought mining machines to expand and had to sell them brand new, still in the box, for a fraction they paid. They still have debt associated with the above, as well as an aging mining fleet, almost no HODL and limited options to raise cash and attempt to expand and keep up with the other miners that can.
The most critical on here are those that feel the company was mismanaged into this position.