Crypto mining firm Argo Blockchain files for US IPO

Crypto mining firm Argo Blockchain files for US IPO

Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States.

According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021. The company said the timing could depend on the SEC completing its review process and other conditions in the market.

Argo said the number of shares expected to be offered as well as the price has not yet been determined. According to an update on the firm’s Twitter account, it has mined 883 Bitcoin (BTC) up until July 6 and held 1268 BTC by June 30.

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The IPO announcement comes two weeks after the said it would be exploring a potential secondary listing on the Nasdaq, having been listed on the London Stock Exchange

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