Argo Blockchain, the British digital mining company, has become the first cryptocurrency company to trading on the London stock exchange.
Recently, the company completed an initial public offering (IPO), releasing 156 250 000 shares, which account for 53.2 percent of issued share capital value of 0.16 pound each. Through the IPO the company raised 25 million pounds (32.5 million U.S. dollars), increasing the total market valuation of the company to 47 million pounds (61,1 million U.S. dollars).
“Long-term growth strategy”
Commenting on the successful market entry, Executive Chairman of Argo Blockchain Jonathan Bixby said: