Cryptocurrency mining firm Argo Blockchain launches IPO

LONDON, UK: Argo Blockchain, a global leader in cryptocurrency mining, has commenced an initial public offering (IPO) of 7.5 million American Depositary Shares (ADSs), representing an aggregate of 75 million ordinary shares.

Each ADS represents 10 ordinary shares of Argo Blockchain. The last closing price of Argo Blockchain’s ordinary shares on the London Stock Exchange Main Market was £1.334 on September 10, 2021.

The ADSs are being offered in a registered public offering in the United States. Argo Blockchain has applied to list the ADSs on the Nasdaq Global Market under the ticker symbol “ARBK.”

Jefferies and Barclays are acting as joint book-running managers for the Offering. Canaccord Genuity and Stifel GMP are acting as co-lead managers for the Offering. Compass Point, D.A. Davidson & Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd, and Tennyson Securities are acting as co-managers for the Offering.

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.

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