The cryptocurrency mining company will list 75 million common shares on the American stock exchange under the ticker “ARBK“
The cryptocurrency mining company Argo Blockchain, whose shares are traded on the London Stock Exchange, will list 75 million common shares on the NASDAQ stock exchange, according to The Block . The company’s securities will be traded under the ticker “ARBK”.
Argo Blockchain could raise $ 138 million (£ 100 million) based on the company’s share price since the last close of trading on the London Stock Exchange ($ 1.8). The market cap of Argo Blockchain is $ 692 million.
In the first half of 2021, Argo Blockchain mined 883 bitcoin ($ 40 million at the exchange rate as of September 14).
In June, the Argo Blockchain mined 167 bitcoin ($ 7.6 million). In total, Argo Blockchain stores 1.26 thousand bitcoin on its balance sheet for $ 57.9 million. The company also owns three data centers with a total capacity of 35 MW.
In March, Argo Blockchain became the first publicly traded company in the world to start paying in bitcoin to the CEO.
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.
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