Argo Blockchain Plc said Wednesday that it has submitted a confidential draft registration statement to the U.S. SEC. The draft is for a proposed dual-listing and initial public offering of American Depositary Shares representing its ordinary shares in the United States.
However, the number of ADSs to be offered and the price range for the Proposed Offering have not yet been determined. Argo Blockchain Plc has been publicly traded on the London Stock Exchange since 2018. The company said the timing could depend on the SEC completes its review process and other conditions in the market.
Argo also stated that the number of shares expected to be offered as well as the price has not yet been determined, with trading expected to start in the third quarter of the year. According to an update on the firm’s Twitter account, it has mined 883 Bitcoin up until July 6 and held 1268 BTC by June 30.
Also Read: Argo Blockchain secured A $20M Loan From Galaxy DigitalHQ
About Argo Blockchain PLC.
Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.
