The company holds on its balance sheet 1.26 thousand bitcoin worth $ 43.2 million, and its shares are already traded on the London Stock Exchange.
Cryptocurrency mining company Argo Blockchain announced plans to list shares on NASDAQ. The company’s securities are already listed on the London Stock Exchange.
The date of the new listing is still unknown, Argo Blockchain noted that when it is approved, it will proceed from the market situation.
Argo Blockchain has a market cap of $ 653 million as of July 5, according to Investing.com. Since the beginning of the year, the value of its shares has grown by 150%.
In the first half of 2021, Argo Blockchain mined 883 bitcoin ($ 30 million at the exchange rate as of July 5). In June, the company mined 167 bitcoin ($ 5.6 million).
In total, Argo Blockchain stores 1.26 thousand digital coins worth $ 43.2 million on its balance sheet. The company also owns three data centers with a total capacity of 35 MW.
Also, any employee of the company, with the consent, can receive cryptocurrency as a salary. The Toronto-based Satstree crypto exchange is used to convert British Pounds to Bitcoin.
**Bitfarms will list shares on NASDAQ
