Crypto mining firm Argo Blockchain files for US IPO


Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States.

According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021. The company said the timing could depend on the SEC completing its review process and other conditions in the market.

How To Get Free Crypto  

Argo said the number of shares expected to be offered as well as the price has not yet been determined. According to an update on the firm’s Twitter account, it has mined 883 Bitcoin (BTC) up until July 6 and held 1268 BTC by June 30.

The IPO announcement comes two weeks after the said it would be exploring a potential secondary listing on the Nasdaq, having been listed on the London Stock Exchange since 2018​​. According to data from TradingView, Argo’s ARB stock is now trading at 111 pence sterling, having risen roughly 30% in the last 24 hours.

Related: Argo Blockchain to launch clean energy Bitcoin mining pool

The crypto mining company also recently received a $20 million loan from Galaxy Digital to assist in building a data center in West Texas. Argo announced in March that it had secured a 320-acre plot of land it planned to use for the construction of a 200-megawatt crypto mining facility. The firm has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the move.

Go to Source
Author: Turner Wright

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.