Argo Blockchain, a UK-based cryptocurrency miner, announced on Tuesday it has filed an application with the Financial Industry Regulatory Authority (FINRA) to be cross-traded publicly on the US OTCQB Venture Market (OTCQB), under the ticker ARBKF.
Founded in 2017, Argo describes itself as a platform that enables customers to efficiently mine Ethereum and other altcoins from their own computer or mobile device. With just a click of a button and a transparent monthly fee, our users can immediately select which coin(s) they want to mine.
“Our service provides immediate access to Argo’s cutting-edge mining rigs, which seamlessly perform the complex crypto-mining operations for our users and then directly deposit all coins mined into users’ digital wallets.”
Argo’s total mining capacity is 16,000 machines and 645 petahash in addition to 280 Megasols of equihash mining capacity. Argo further revealed that it continues to expand its operations and last month entered into an equipment lease agreement with Celsius Networks for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months. Peter Wall, Chief Executive of Argo Blockchain, then stated:
“We have wanted to make Argo available to US markets for quite some time. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days. This listing represents an important milestone in the development of our Argo as we gain access to a broader investor base and enhance our visibility in the North American markets.”
Jonathan Dickson, VP of International Corporate Services at OTC Markets, added:
“We are delighted to welcome Argo Blockchain to the OTCQB Market. With its primary listing remaining on London’s LSE, the OTCQB Market’s cross trading facility will allow Argo to broaden its horizons and provide investors in the United States with the ability to access the Company’s Ordinary Shares in U.S. dollars and during U.S. market hours. Trading on the LSE and on the OTCQB Market will provide U.S. investors with a seamless trading facility, enabling investors to more easily trade through the broker of their choice.”