Crypto Firm Argo Blockchain Prices US$112.5 Million IPO

Cryptocurrency mining company Argo Blockchain Plc (Nasdaq: ARBK) started trading on the Nasdaq Global Select Market. The London-based firm aims to raise approximately US$112.5 million in its debut on the US big board.

The offering consisted of 7.5 million American depositary shares at US$15.00 per ADS, which represents 10 ordinary company shares. The ADSs will be trading on the Nasdaq exchange under the symbol “ARBK”.

Jefferies and Barclays are acting as the lead bookrunners for the said offering, with Canaccord Genuity and Stifel GMP acting as co-lead managers. The underwriters were given a 30-day over-allotment option to purchase up to an additional 1.125 million ADSs at the same IPO price.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The blockchain firm claims to be the “only cryptocurrency mining company listed on the London Stock Exchange” where it launched its first IPO in August 2018, few months after the company was founded. The company is currently led by Canadian video journalist Peter Wall as its CEO.

While based in Europe, the company mines from its facilities in North America. According to its website, it currently operates at 1,075 PH/s with 45MW active mining power.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

Police Contain ‘Active Threat’ at University of Toronto Mississauga Residence

McLaren Resources Launches Satellite Targeting Program Across Three Timmins Area Gold Properties

Related News

Connectivity Firm Credo Prices US$200 Million Nasdaq IPO

Connectivity solutions provider Credo Technology Group (Nasdaq: CRDO) started trading on the Nasdaq Global Select...

Thursday, January 27, 2022, 02:19:00 PM

SPAC Portage Fintech Acquisition Upsizes IPO To US$240 Million

Special purpose acquisition company Portage Fintech Acquisition Corporation (Nasdaq: PFTAU) announced Tuesday that it is...

Wednesday, July 21, 2021, 12:03:00 PM

Mining Firm Austin Gold Prices US$13 Million IPO

Gold exploration company Austin Gold Corp. (NYSE: AUST) began trading on the New York Stock...

Wednesday, May 4, 2022, 02:20:00 PM

Galaxy Digital To Buy Bitcoin Mining Facility From Argo Blockchain

Bitcoin miners might be losing money under current market conditions, but that’s not stopping Galaxy...

Wednesday, December 28, 2022, 07:38:06 AM

RAW Rolling Papers Founder Josh Kesselman Eyes Unique IPO With QR Code Shares

Josh Kesselman, the founder and CEO of RAW Rolling Papers, has unveiled an unconventional vision...

Tuesday, June 11, 2024, 01:20:00 PM