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Investors of crypto mining firm Argo Blockchain have filed a class-action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021.
A newly filed lawsuit on Jan. 26 is aimed at Argo and several of its executives and board members. It claims the firm failed to disclose how susceptible it was to capital constraints, electricity costs and network difficulties.
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