Argo Blockchain enters the American stock exchange Nasdaq – Bits Media

LSE-listed mining company Argo Blockchain entered the Nasdaq stock exchange with 7.5 mln American depositary receipts under the ticker ARBK.

7.5 million American depositary receipts (ADR) equivalents 75 mln common shares of Argo Blockchain. Now Argo Blockchain shares are trading at 1/33 pound sterling ($1/84) for pike, from entering the Nasdaq the company can receive up to $138 million.

Currently, the capitalization of the mining company is estimated at $745 million. A successful IPO will help increase Argo Blockchain's capitalization and provide additional funds for the construction of a large mining center in West Texas. The capacity of the mining center will be 200 MW, and its construction began at the beginning of the year.

Recently, Argo Blockchain used some of the mined bitcoins as collateral to obtain a loan from Galaxy Digital.. The loan amount was $20 million.

In March, Argo Blockchain, together with DMG Blockchain, announced
about the launch of the first environmentally friendly pool for Bitcoin mining - Terra Pool. He will only use energy, generated by hydroelectric power plants.