Compartir este artículo
Argo Blockchain Starts Sale of US Shares
The company is offering 7.5 million ADSs, each representing 10 common shares.
Por Sheldon Reback
Make us preferred on Google
Argo Blockchain, the only crypto miner listed on the London Stock Exchange, said it has started selling American depositary shares for trading on the Nasdaq Global Market.
- The company is offering 7.5 million ADSs, each representing 10 shares of the company’s common stock.
- In its prospectus filed with the SEC on Sept. 14, Argo said it was assuming an initial offering price of $18.40 per ADS based on its last reported sale price of ordinary shares on the London Stock Exchange on Sept. 10. But it said the actual IPO price would be be determined by the company and its underwriters at the time of pricing.
- Argo shares rose as much as 9.5% in early London trading to £1.43 ($1.98).
- The London-based company announced the sale last month, and has applied for the ADSs to trade under the ticker “ARBK.”
- In March, Argo acquired the New York firm DPN LLC, bringing it ownership of a chunk of land in West Texas for the construction of a new cryptocurrency mining facility, and it has been raising funds in recent months.
- In June, it secured a £14 million (US$19 million) loan from Galaxy Digital, which last week lent it another £18 million (US$25 million).
See also: Argo Blockchain First-Half Revenue Surges on Bitcoin Production, Price
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
UPDATE (Sept. 15, 12:28 UTC): Updated with information about the initial offering price in the second bullet point.
Más para ti
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
Lo que debes saber:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
