19 August company Argo Blockchain, which works in the field of blockchain technologies and specializes in large-scale mining of digital currency, filed an application with the Securities and Exchange Commission to raise up to 75 million dollars. The company is currently listed on the LSE (ARB) and OTCQX (ARBKF).
Argo authorized persons, their company is a leader in blockchain technology, who specialize in mining bitcoin and other cryptocurrencies on a large scale. The company extracts cryptographic currency using special computers (mining machines) to solve difficult cryptographic algorithms on the blockchain in exchange for rewards and commissions in the internal tokens of this blockchain network. The company's mining strategy is to acquire the latest generation of equipment on profitable criteria and install it at facilities in North America, using?? more renewable and inexpensive energy. Argo has more than 21 000 machines and can generate over 1 075 petahash in a second. The company disposes of its mining equipment at 2 of its facilities in Canada and 4 leased sites in Canada and the USA.
The company is headquartered in the capital of Great Britain, England, was founded in 2017 year, and for 12 Months, ended 30 June 2021 of the year, her earnings were 54 million dollars. The company plans to list on the stock exchange Nasdaq under the ticker ARBK. Jefferies and Barclays are collective arrangers of the share issue. Terms of the upcoming IPO were not disclosed.
