Crypto miner Argo Blockchain launches IPO on Nasdaq

Argo Blockchain, the London Stock Exchange-listed crypto mining company, has launched an Initial Public Offering in the United States. The crypto firm has…

floated 7,500,000 American Depositary Shares (ADSs), equal to 75,000,000 ordinary shares, on the Nasdaq Global Market under the symbol ARBK, according to an announcement.

With a last closing price for Argo’s ordinary shares of £1.334, a successful IPO could raise as much as £100 million.

The company, which currently boasts a market capitalization of £537 million (around $745 million), has been exploring the possibility of a U.S. listing since July.

Argo is currently building out a mining facility in Texas, U.S. with a power capacity of 200 megawatts (MW).

On September 10…

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