Crypto mining company Argo Blockchain eyes secondary Nasdaq list



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Argo Blockchain, a publicly traded blockchain era corporate concerned about cryptocurrency mining, is having a look at a possible secondary list at the Nasdaq change.

On Tuesday, the corporate announced that it’s now exploring the opportunity of a secondary list at the Nasdaq as a part of its operational and strategic replace for June 2021.

Argo Blockchain mentioned that the company has no longer but reached a call at the timing of the secondary list, noting that “there is not any be sure that the list can be finalized.” “Any proposed list is matter to marketplace and different stipulations, and there will also be no assurance as as to whether or when the proposed list is also finished,” the corporate mentioned.

As a part of the most recent replace, Argo Blockchain disclosed that the corporate mined a complete of 167 Bitcoin (BTC) with a mining income of four.4 million British kilos ($6 million) and a mining benefit fee of 78%. Consistent with the announcement, Argo Blockchain’s general mining income stands at 883 BTC year-to-date, and the corporate initiatives to carry 1,286 BTC or an an identical quantity via the top of the month.

Argo Blockchain CEO Peter Wall mentioned that the crypto trade confronted “giant adjustments” in June, regarding an important relief within the general international hash fee and mining problem amid a crackdown on crypto mining in China. “Argo has capitalised on those adjustments, proceeding to ship sturdy income at an excellent margin,” the company famous.

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

As in the past reported, Argo Blockchain changed into the first crypto mining company to list at the London Inventory Alternate in 2018, placing over 159 million bizarre stocks at 16 British kilos ($22). The inventory has considerably surged since list, attaining an all-time top above 280 kilos ($387) this February, in keeping with data from TradingView.

On the time of writing, the ARB inventory is buying and selling at 125 kilos ($173), down round 2% during the last 24 hours.

Supply: TradingView