Argo Blockchain announced that Jim MacCallum, the company's Interim Chief Executive Officer and Chief Financial Officer, purchased American Depositary Receipts (ADRs). Between January 29 and 30, 2025, Mr. MacCallum acquired 25,000 ADRs at US $0.4550, another 25,000 ADRs at US $0.4600, and a further 25,000 ADRs at US $0.4700.
This insider transaction represents a direct investment by a key executive in the company's shares. Such purchases are often interpreted as a sign of confidence in the company's valuation and future performance.
The total value of the ADRs purchased by Mr. MacCallum reflects a personal commitment to the company's success during a period of transition.
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