The company's shares are already listed on the London Stock Exchange, and now Argo Blockchain is launching an IPO in the United States.
Argo Blockchain has listed 7,500,000 American Depositary Receipts, which equal 75,000,000 common shares, on the Nasdaq Global Market under the ticker symbol ARBK.
Argo common shares closed at £1,334 yesterday. This means that a successful IPO could raise more than £100 million.
Argo is currently building a mining farm in Texas, which should have a capacity of 200 megawatts.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to www.theblockcrypto.com
You May Also Like
Bitmain introduced the most powerful ASIC on the market
Bitmain publicly announced the new ANTMINER S19 XP model at the World Digital Mining Summit (WDMS) in Dubai.
Norwegian miners were left without subsidies
This decision was made against the background of the declining price of Bitcoin, due to which mining companies are forced to close due to lack of profit. According to a report, the Norwegian government has announced that the country's cryptocurrency miners will pay the usual electricity tax starting in the New Year.
