ARGOBLOCKCHAIN AND SHARE ISSUANCE
- Argo Blockchain PLC, a leading cryptocurrency miner, has successfully raised £7.8 million (US$9.9 million) from institutional investors.
- The funds were raised through the issuance of new ordinary shares and will be used to strengthen working capital, reduce debt and support other corporate initiatives.
- The new shares will be floated on the main market of the London Stock Exchange on 11 January 2024, bringing the total number of shares in the company to 577,001,363.
The company has a really interesting concept (also with regards to environmentalism), do you think the company will use the capital raised sufficiently to grow?