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Argo Blockchain - Equity Financing
Overview
Funding Date
July 19, 2023
Financing amount
$7.5M
Valuation
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Category
Subcategory
About Argo Blockchain - Equity Financing
Argo Blockchain (ARB) has raised $7.5 million through the sale of new shares. The funds will be used to reduce the company's outstanding debt. The number of shares sold represent about 12% of the company's pre-sale market cap at price of 10 pence per share, a discount of around 14% to the 30-day volume weighted average price (VWAP) of Argo stock.
Founders & Team
Mike Edwards
Peter Wall
Company Profile / Project Introduction
Argo Blockchain PLC is a global data centre business that provides a powerful and efficient platform for cryptocurrency mining operations. The company is headquartered in London, UK, with operations in strategic locations in North America, and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on NASDAQ Global Select Market in the United States under the ticker ARBK.