cash deposits

On March 14, Argo Blockchain, a Bitcoin miner, said that one of its subsidiaries had cash deposits in Signature Bank, but these deposits were safe and usable. The company added that Argo and its subsidiaries had no exposure to Silicon Valley Bank or Silvergate. （Proactive Investors） Argo: One of its subsidiaries has cash deposit in Signature Bank, but the deposit is safe and available Analysis based on this information:Argo Blockchain, a popular Bitcoin miner firm, made an announcement on March 14 stating that one of its subsidiaries had cash deposits in Signature Bank. However, the company ensured that these deposits were safe and usable, giving some relief to its stakeholders. Furthermore, Argo Blockchain mentioned that neither Argo nor any of its subsidiaries had any exposure to Silicon Valley Bank or Silvergate. Argo Blockchain is a publicly traded company listed on the London Stock Exchange. It was established in 2017 and has since become one of the top Bitcoin mining companies…