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A lot of other mining companies in the area will also be considering IPOs.

The business won approval from the UK Listing Authority in May to be recorded on the exchange, and subsequently published its crypto mining subscription agency in June. According to its site, Argo offers users three bundles differentiated by the ability of their mining power provided. BTG, ETH, ZEC and ETC are supported.  All its bundles are sold out.

Bixby advised the Financial Times around the time of this launch that Argo wants to be”the Amazon Internet Services of all crypto.”
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A crypto mining firm has raised £25 million (approximately $32.5 million) via an IPO on the London Stock Exchange (LSE). 

Argo kicked off to the exchange with approximately 156 million stocks accounting for 53.2percent of its issued shared capital, according to a business record. Shares were priced at 16 pence, giving the company a entire market valuation of £47 million pounds (about $61.2 million).
As previously mentioned by CoinDesk, marketplace leader Bitmain is rumored to be running a pre-IPO financing around and also to be contemplating moving people. Two other China-based mining hardware manufacturers, Canaan Creative and Ebang Communication have both filed IPO applications together with the Hong Kong Stock Exchange.

“More than 90% of crypto mining is carried out by elites on industrial scale as it’s technically rather tough to perform,” Bixby was quoted as stating. “It is incredibly expensive to buy, up the hardware that you will need at $5,000 a device .”

Published at Fri, 03 Aug 2018 21:00:11 +0000
“Argo’s admission to the London main market is a major step in the company’s development and will place us in a powerful position to implement our long-term development plan,” executive chairman Jonathan Bixby stated in the record. “We’re thrilled with the strong response from shareholders which will enable us to grow our business in multiple jurisdictions.”
U.K.-based Argo Mining (ticker: ARB), which supplies”available” crypto mining via a subscription service, will be the first crypto firm to be listed on the LSE. The business raised £5 million (about $6.5 million) more than its initial aim of pound;20 million through the IPO.