Argo Blockchain has announced plans to be listed on the London Stock Exchange, becoming the first crypto-focused company to do so. The UK-Canadian firm hopes to raise $20 million from the listing at a valuation of $40 million, and Switzerland’s Mirabaud Securities will act as the corporate broker for the company. Argo Blockchain offers mining-as-a-service (MaaS) solutions which allow its users to mine cryptocurrencies from their PCs and smartphones. The company’s mining facilities are located in the Canadian province of Quebec, but it chose to get listed in London as it considers it a global financial technology hub.
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The company allows its users to mine any one of four digital currencies: Ethereum, Ethereum Classic, Bitcoin Gold, and Zcash. The service is renewable on a monthly basis, with the company’s website indicating that all the packages are currently sold out. Users can engage in single or multicoin mining and use their own mining pool accounts. Each user is limited to using a single account.
The founder and CEO of Argo, Jonathan Bixby, hails his company’s ability to bring crypto mining to retail miners at a time when institutional miners dominate the process. Speaking to the
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