bitcoinBTC/USD
$ 19,077.09
ethereumETH/USD
$ 1,059.48
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.448524
xrpXRP/USD
$ 0.312717
usd-coinUSDC/USD
$ 1.00

Just In: Argo Blockchain Goes Public on Nasdaq

Just In: Argo Blockchain Goes Public on Nasdaq

The London Stock Exchange-listed mining business Argo Blockchain has just launched its IPO on Nasdaq.

The crypto business has issued 7,500,000 American Depositary Shares (ADSs), which are equivalent to 75,000,000 ordinary shares, under the name ARBK on the Nasdaq Global Market in the US. 

The likes of £100 million could be raised with this Initial Public Offering considering the closing price of Argo Blockchain ordinary shares at £1.334. 

Argo Blockchain has considered the option of going public in the United States since earlier this year. Currently, the company has a market cap of £537 million, equivalent to $745 million.

The recent project of Argo Blockchain is the finalization of the 200 MegaWatt (MW) power capacity mining facility in Texas. 

The company reported that it had signed a financing arrangement with Galaxy Digital for £18.05 million (about $25 million) to build up the West Texas plant, using part of the bitcoin it had mined as security back in the 10th of September. Argo’s outstanding principal is now $45 million after the new loan was folded into an existing £14 million (or $20 million) facility.

According to research published in August by The Boatman Capital Research, Argo may have overspent by up to 100 times for the land it purchased for its Texas operation. However, Argo CEO Peter Wall justified the deal by claiming that the price was quite fair considering that this was a project acquisition more than it was a land purchase. 

Also read: Bitcoin Reserves are Lessening as It Reaches 46k

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

bitcoinBitcoin
$ 19,077.091.33%
ethereumEthereum
$ 1,059.480.14%
cardanoCardano
$ 0.4485240.89%
tetherTether
$ 1.000.36%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org