Crypto Mining Firm Argo Blockchain Listed on London Stock Exchange, Raises $32 Million

Mining firm Ergo Blockchain PLC has become the first crypto company to join the London Stock Exchange (LSE), which is collecting $ 32 million for a total assessment of $ 61 million, The Telegraph reports on August 3.

London-based Argos offers customers the ability to have the ability of Bitcoin Gold (BTG), Atherium (ETH), Atrial Classic (ETC), and Zachash - four cryptocarnishes through a monthly computer or mobile device for monthly credit charge. This service provides immediate access to the firm's mining rig and enables direct deposit of all mining coins to users' digital wallet.

According to LSE's initial entry documents, a total of 156,250,000 ordinary shares representing 53.2 percent of the firm's issued share capital on entry, has been kept at 16 pence per share, which evaluates the value of 47 million pounds on market capitalization (Approximately $ 61 million)

The report says that the company has raised 25 million pounds (approximately $ 32 million), with Mitton Capital, Henderson Global Investors and Jupiter Asset Management, registered shareholders who write telegraphs.

Argo's co-founder Jonathan Bixby told The Telegraph that Argo's mining membership system was "developed to take the pain and heartache from participating in the biggest new technology success since the launch of the Internet."

Established in the second half of 2017, ARGO's aim is to create an international data center management business to assist in cryptography as a service (mass), which will be available to any person in the LSE document states of the company.

According to the platform launched on June 11, 2018, and according to Argo's website, all subscription packages are sold. In the early entry of Argos, it has been said that the company will be able to add and remove crypto tricks from its proposals in the future.

Earlier this week, the world's second largest bitcoin (BTC) mining hardware supplier Canaan Creative introduced the "first ever" BTC mining television set with the processing power of 2.8 trillion heash per second.

And on Monday, unknown sources revealed that Crypto Mining Hardware Vantage Bitakayan is planning to organize "Soon" Foreign Initial Private Offer (IPO) after earning $ 1 billion in net profit in the first quarter of 2018.