Argo Blockchain went public on the Nasdaq in September 2021 and is currently facing financial challenges, including a market cap under $40 million, a declining stock price and liquidity issues

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Argo Blockchain has a market cap of around $40 million and trades under $0.40 per share, according to The Block's ARBK price data. The company went public on the Nasdaq in September 2021 at $16.60 a share

The company faces significant challenges, with InvestingPro analysis showing current short-term obligations exceeding liquid assets and a concerning current ratio of 0.52

The appointment comes as the company’s stock has declined 76.77% over the past year