Argo Blockchain Announces Strategic Actions to Enhance Growth and Strengthen Financial Position
London, United Kingdom - Accesswire - August 15, 2024
Argo Blockchain plc (LSE: ARB), a global leader in cryptocurrency mining, has announced a block listing application to the listing authority of the Financial Conduct Authority. This move underscores Argo's commitment to transparency and regulatory compliance.
As part of this strategic shift, Argo intends to seek admission to the standard segment of the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.
This transition will provide Argo with enhanced visibility, credibility, and access to a wider pool of investors. It will also enable the company to raise capital more efficiently and support its long-term growth plans.
Highlights of Argo Blockchain's Strategic Actions:
- Block listing application to the Financial Conduct Authority
- Admission to the standard segment of the premium listing segment of the Official List
- Trading on the London Stock Exchange's main market for listed securities
- Enhanced visibility, credibility, and access to a wider pool of investors
- Efficient capital raising to support long-term growth plans
Argo's decision to pursue a block listing is a testament to its commitment to sound corporate governance and its belief in the long-term potential of the cryptocurrency mining industry.
About Argo Blockchain plc
Argo Blockchain plc is a global leader in cryptocurrency mining with a focus on Bitcoin and Ethereum. The company has a diverse portfolio of mining facilities located in North America, Europe, and Asia.
Argo is committed to sustainable and responsible mining practices and has a track record of innovation in the industry. The company is well-positioned to benefit from the growing demand for cryptocurrency mining as the industry continues to evolve.
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