Krypto Mining The Argo Blockchain company goes to Nasdaq

Veröffentlicht: 14. September 2021, 13:57 Uhr

Von: Krypto News Österreich

Argo Blockchain (OTC :) offers 7.5 million American depositary shares on the world market.

The IPO of Argo Blockchain could bring in over $ 145 million.

Argo Blockchain goes live on Nasdaq

Argo Blockchain started a IPO, the company announced today.

The crypto mining company, which is also listed at the London Stock Exchange, offers 7.5 million American depositary Shares on the Nasdaq Global Market under the ArbK symbol. American Depositary Shares are a kind of shares for a company based abroad that is listed on an American stock exchange. They are called in; 7.5 million ADSS corresponds to 75 million regular shares of the company.

The Argo shares are currently traded in London after a strong increase in early Tuesday at around £ 1.40 ($ 1.94). In addition to the current courses, the IPO on the Nasdaq could bring in 105 million pounds ($ 145.5 million).

At the beginning of this year, Argo DPN LLC. The deal gave ARGO a property in West Texas, where a mining plant is currently being built. Since then, the company has procured funds for the construction of the system, including loans of £ 32 million ($ 44 million) from Galaxy Digital, the asset company operated by Mike Novogratz.

The Argo market capitalization is currently £ 533 million ($ 739 million). The company has been examining the possibility of a US notification since July.

Argo is not the only mining company that is looking at the USA this year: In June, the Canadian companies Hive Blockchain (Nasdaq :) and Bitfarms (Nasdaq :) both listed on the Nasdaq, while many other companies in the middle of a raid against the industry in China.

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