Argo Blockchain Soars 16.97% as J.P. Morgan Cuts Stake

On July 11, 2025, Argo Blockchain's stock surged by 16.97% in pre-market trading, marking a significant rise in investor interest and market sentiment.

J.P. Morgan Securities LLC has reduced its stake in Argo Blockchain, now holding 6.34% of the company's voting rights. This reduction from 8.27% primarily involves trimming its derivative-based American Depositary Receipts (ADR) position, which now stands at 5.94%. Despite this decrease, J.P. Morgan remains a significant shareholder, holding above the 5% U.K. notification threshold.

This move by J.P. Morgan could signal a shift in institutional confidence, potentially leading to short-term selling pressure. However, the stake reduction does not indicate immediate control or takeover concerns, as Argo's free float remains broad. The company's timely disclosure of this change demonstrates adherence to U.K. and U.S. disclosure standards, reducing governance risk.