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Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing



Argo Blockchain, a publicly traded blockchain expertise firm targeted on cryptocurrency mining, is a possible secondary listing on the Nasdaq alternate.

On Tuesday, the corporate introduced that it’s now exploring the potential of a secondary listing on the Nasdaq as a part of its operational and strategic replace for June 2021.

Argo Blockchain mentioned that the firm has not but reached a call on the timing of the secondary listing, noting that “there is no guarantee that the listing will be finalized.” “Any proposed listing is subject to market and other conditions, and there can be no assurance as to whether or when the proposed listing may be completed,” the corporate said.

As a part of the newest replace, Argo Blockchain disclosed that the corporate mined a complete of 167 Bitcoin (BTC) with a mining income of 4.4 million British kilos ($6 million) and a mining revenue charge of 78%. In line with the announcement, Argo Blockchain’s whole mining income stands at 883 BTC year-to-date, and the corporate tasks to carry 1,286 BTC or an equal quantity by the tip of the month.

Associated: China crypto ban a ‘huge opportunity for Canada,’ mining group head says

Argo Blockchain CEO Peter Wall mentioned that the crypto trade confronted “big changes” in June, referring to a major discount within the whole international hash charge and mining problem amid a crackdown on crypto mining in China. “Argo has capitalised on these changes, continuing to deliver strong revenue at an impressive margin,” the firm famous.

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