Argo Blockchain, a U.K.-listed bitcoin mining firm, said it expects to sell shares in the U.S. in the third quarter subject to regulatory approval.

The London-based company said Wednesday it submitted a draft registration statement to the Securities and Exchange Commission (SEC) for the sale of American Depositary Shares.
The sale is subject to SEC approval as well as the state of the market and other conditions.
The number of shares and price range have not yet been set.
Argo announced earlier this month intentions for a secondary listing on Nasdaq, without revealing any further details.

Related Stories

Bitmain Co-Founder Wu Says Regulatory Pressure Is Healthy for Crypto: Report
LSE-Listed Argo Blockchain Is Weighing Listing on Nasdaq
Argo Blockchain Secures $20M Bitcoin-Backed Loan to Expand Texas Data Center
US Consumer Prices Rise Faster Than Expected in May


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.