Argo Blockchain's shares fall 9% as High Court approves restructuring plan meetings.

Argo Blockchain shares fell 9% to 2p, down 58% over the past month, after securing court approval to move ahead with its restructuring process. The High Court in London granted permission for three meetings on 2 December to vote on its proposed plan. A further sanction hearing is set for 8 December, after which the plan could be implemented if approved. The restructuring aims to stabilize the company's finances following a prolonged slump in crypto prices and rising debt costs.