LONDON, Dec. 29, 2020 (GLOBE NEWSWIRE) — by way of InvestorWire – Argo Blockchain (OTC: ARBKF), the main cryptocurrency miner primarily based within the U.Okay., is happy to announce that it has filed an utility with FINRA, the Monetary Business Regulatory Authority, for the Firm’s shares to be cross-traded publicly on the U.S. OTCQB Enterprise Market (“OTCQB”), below the ticker ARBKF, which might make Argo’s shares extra extensively obtainable to North American buyers.
Argo is a worldwide chief in cryptocurrency mining with one of many world’s largest and best operations. The Firm is headquartered in London and its shares are listed on the Most important Market of the London Inventory Change below the ticker ARB. The corporate’s mining amenities are positioned in strategic places all through North America. Argo’s whole mining capability is 16,000 machines and 645 petahash along with 280 Megasols of equihash mining capability.
The OTCQB market offers a platform for all kinds of corporations to have the ability to commerce their shares on a significant US change. Particularly, this market offers a facility for North American buyers to commerce in a variety of non-US corporations whose shares are listed abroad. Trades on this market are undertaken within the North American time zone.
The cross-trading facility on the OTCQB Enterprise Market is supplied by means of OTC Markets Group Inc., positioned in New York, which operates the world’s largest digital interdealer citation system for U.S. dealer sellers and provides a number of media channels to extend the visibility of OTC-listed corporations. Impartial research present that buying and selling on the OTC by a global firm provides a constructive impact on the liquidity of its shares. It permits US buyers to purchase and promote shares in abroad corporations priced in US {dollars}.
Argo continues to broaden its operations and final month entered into an gear lease settlement with Celsius Networks for 4,500 Bitmain Antminer S19 and S19 professional miners for a time period of 24 months. The brand new mining {hardware} is predicted to be absolutely operational by February 2021 and can add roughly 430 petahash to the Firm’s put in computing energy in addition to consuming roughly 15 megawatts (“MW”) of electrical energy. This may deliver Argo’s whole hashpower to 1.1 exahash of mining capability.
Peter Wall, Chief Government of Argo Blockchain, stated: “We’ve wished to make Argo obtainable to U.S. markets for fairly a while. We’re already buying and selling on OTCPK and we anticipate a full OTC itemizing with wider investor attain within the coming days. This itemizing represents an essential milestone within the improvement of Argo as we acquire entry to a broader investor base and improve our visibility within the North American markets.”
Jonathan Dickson, vp of Worldwide Company Companies at OTC Markets, stated: “We’re delighted to welcome Argo Blockchain to the OTCQB Market. With its main itemizing remaining on London’s LSE, the OTCQB Market’s cross buying and selling facility will enable Argo to broaden its horizons and supply buyers in the US with the flexibility to entry the Firm’s Unusual Shares in U.S. {dollars} and through U.S. market hours. Buying and selling on the LSE and on the OTCQB Market will present U.S. buyers with a seamless buying and selling facility, enabling buyers to extra simply commerce by means of the dealer of their alternative.”
Please go to https://argoblockchain.com/ for additional data.
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