Crypto mining company Argo Blockchain follows Nasdaq’s secondary listing

Argo Blockchain is a listed blockchain technology company focused on cryptocurrency mining and is considering a secondary listing on the Nasdaq exchange.

On Tuesday, the company Announce As part of its operations and strategy update in June 2021, it is now exploring the possibility of a secondary listing on the Nasdaq.

Argo Blockchain stated that the company has not yet made a decision on the timing of the secondary listing, and pointed out that “there is no guarantee that the listing will be finalized.” The company stated: “Any proposed listing is subject to market and other conditions, and there is no guarantee whether the proposed listing will be finalized. Or when it will be completed.”

As part of the latest update, Argo Blockchain disclosed that the company has mined a total of 167 Bitcoins (Bitcoin)’S mining revenue is 4.4 million pounds (6 million US dollars) and the mining profit margin is 78%. According to the announcement, Argo Blockchain’s total mining revenue from year to date is 883 BTC, and the company expects to hold 1,286 BTC or an equivalent amount of Bitcoin by the end of this month.

Peter Wall, CEO of Argo Blockchain, stated that the crypto industry was facing “significant changes” in June, referring to Cracking down on crypto mining in China. The company pointed out: “Argo has used these changes to continue to provide strong revenues at a substantial profit margin.”

related: The head of the mining group said that China’s cryptocurrency ban is “a huge opportunity for Canada”

As previously reported, Argo Blockchain has become The first listed crypto mining company On the London Stock Exchange in 2018, place More than 159 million common shares are priced at 16 pounds (22 US dollars). The stock has soared since its listing, setting a record high of over 280 pounds (387 US dollars) in February this year. data From the transaction view.

At the time of writing, ARB shares are trading at £125 (US$173), a drop of approximately 2% in the past 24 hours.

Source: TradingView