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

Red Cloud Fall Mining Showcase 2026 | Day 2

More Gold Without a Bigger Upfront Bill? | Keith Boyle – New Found Gold

The Red Cloud Fall Mining Showcase 2026 | Day 1

Recommended

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Meghan Markle’s Half-Brother Submitted Evidence Against Their Father, But Now Faces Philippine Police Scrutiny

Related News

Robinhood to Give Retail Investors Direct Access to IPOs

In an effort to further— as Robinhood puts it— “democratize” retail investing, the stock trading...

Saturday, May 22, 2021, 05:06:00 PM

European Investment Firm-Backed SPAC Springwater Special Situations Eyes US$150 Million IPO On Nasdaq

Special purpose acquisition company Springwater Special Situations Corp. (Nasdaq: SWSSU) started trading its securities on...

Thursday, August 26, 2021, 01:10:00 PM

SPAC Gardiner Healthcare Acquisitions Prices US$75 Million IPO

Special purpose acquisition company Gardiner Healthcare Acquisitions Corp. (NASDAQ: GDNRU) started trading publicly on the...

Wednesday, December 22, 2021, 04:32:00 PM

Semrush: The IPO Deep Dive

Semrush (NYSE: SEMR) is an online platform that offers a suite of tools to companies,...

Thursday, March 25, 2021, 12:31:00 PM

Tech SPAC Digital World Acquisition Prices Downsized US$250 Million IPO

Special purpose acquisition company Digital World Acquisition Corp. (Nasdaq: DWACU) started trading publicly on the...

Sunday, September 5, 2021, 03:38:00 PM