Headquartered in London, Argo is one of the world’s largest mining operations with facilities strategically positioned throughout North America.
The OTCQB market is typically used by American investors that wish to trade a range of non-US companies whose shares are listed overseas, on the London Stock Exchange in this case.
Argo continues to expand its operations and last month entered into an equipment lease agreement with Celsius Networks for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months.
1/ New RNS release:
We’ve filed an application with FINRA in the US to be cross-traded publicly on the OTCQB Venture Market under the ticker ARBKF, which will make Argo’s shares more widely available to North American investors. #ARB #BTC#OTCStocks
— Argo (@ArgoBlockchain) December 29, 2020
The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company’s installed computing power as well as consuming approximately 15 megawatts of electricity.
Peter Wall, Chief Executive of Argo Blockchain, said: “We have wanted to make Argo available to U.S. markets for quite some time. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days.
“This listing represents an important milestone in the development of Argo as we gain access to a broader investor base and enhance our visibility in the North American markets.”
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