Ebene News – FI – Argo Blockchain Applies to Trade in the OTCQB Venture Market in the United States

LONDON, dec 29, 2020 (GLOBE NEWSWIRE) – via InvestorWire – Argo Blockchain (OTC: ARBKF), the leading UK-based cryptocurrency miner, is pleased to announce that it has filed an application with FINRA, the Financial Sector Regulator, for the company’s shares to be publicly traded on the US OTCQB Venture Market (“OTCQB”), under the symbol ARBKF, which would make Argo’s shares more widely available to investors in the North. American

Argo is a global leader in cryptocurrency mining with one of the largest and most efficient operations in the world The Company is headquartered in London and its shares are listed on the main market of the Exchange of London under the symbol ARB The company’s mining facilities are strategically located in North America Argo’s total mining capacity is 16,000 machines and 645 petahash in addition to 280 megasols of equihash mining capacity

The OTCQB market provides a platform for a wide variety of companies to trade their shares on a major US stock exchange In particular, this market allows North American investors to trade in a wide range of non-US companies including the shares are listed abroad Transactions in this market are carried out in the North American time zone

The OTCQB Venture market cross-trading facility is provided by OTC Markets Group Inc, located in New York, which operates the world’s largest business-to-business electronic quotation system for US broker and offers multiple media channels to increase visibility of listed companies Independent studies show that OTC trading by an international company offers a positive effect on the liquidity of its shares It allows US investors to buy and sell shares of foreign companies in US dollars

Argo continues to expand its business and last month concluded an equipment rental agreement with Celsius Networks for 4,500 Bitmain Antminer S19 and S19 pro miners for a period of 24 months The new mining equipment is expected to be fully operational. ‘by February 2021 and will add approximately 430 petahash to the company’s installed computing power and consume approximately 15 megawatts (“MW”) of electricity This will bring Argo’s total hash power to 11 exhashs of mining capacity

Peter Wall, CEO of Argo Blockchain, said: “We have wanted to make Argo available for US markets for quite some time. We are already trading on OTCPK and we are planning a full OTC listing with greater investor reach in the markets. next days This listing represents an important step in Argo’s development as we have access to a larger investor base and improve our visibility in North American markets “

Jonathan Dickson, Vice President of Global Business Services at OTC Markets, said: “We are delighted to welcome Argo Blockchain to the OTCQB market With its primary listing remaining on the London LSE, the trading facility OTCQB market crossover will allow Argo to broaden its horizons and provide investors in the United States with the ability to access the company’s common stock in US dollars and during US market hours Trading on the LSE and on the market OTCQB will provide US investors with a seamless trading facility, allowing investors to trade more easily through the broker of their choice “

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Ebene News – FI – Argo Blockchain Applies to Trade in the OTCQB Venture Market in the United States

Source: https://www.globenewswire.com/news-release/2020/12/29/2151349/0/en/Argo-Blockchain-Applies-to-Trade-on-the-OTCQB-Venture-Market-in-the-US.html