We present an informational guide to Argo Blockchain Company and their role in cryptocurrency development. We include financial information, historical data, and notable events of Argo Blockchain.
Argo Blockchain PLC
The Argo Blockchain Public Limited Company (PLC) is a technology company that specializes in cryptocurrency technologies that provide proof-of-work Data Mining services. These data mining operations generate income in the form of cryptocurrencies such as Bitcoin (BTC) and ZCash (ZEC).
See Argo Blockchain Official Website
ARBK Stock Price Chart
Argo Blockchain Historical Price Chart
Argo Crypto Mining Facilities
Argo Blockchain has constructed a series of impressive cryptocurrency mining facilities to generate income in the form of Digital Assets. From Bitcoin to ZCash, Argo holds a staggering title as the top 1% of Bitcoin Miners and holds 5% of the total ZCash (ZEC) hash power.
Argo Blockchain Mining Statistics
- Over 21,000 Cryptocurrency mining machines
- Mining Facilities in Texas, USA and Quebec, Canada
- Impressive Total Hashrate of 1,075 Petabytes
- Headquartered in London, UK
Argo Mining Hashrate
Image from Argo Blockchain Official Website, July 2022
History of Argo Blockchain
Argo Blockchain was created in 2017 surrounding the Cryptocurrency Bubble of 2017-2018. At this time, Argo secured the means to establish their first crypto mining facility.
The company further expanded funding to increase Hashrate, including notable investments from Galaxy Digital and an anticipated NASDAQ listing.
In 2021, Argo reached an impressive billion dollar evaluation, becoming a blockchain “Unicorn.” The company used these achievement to accelerate investment capital as they anticipated their debut IPO.
Argo Blockchain NASDAQ IPO
On September 23rd, 2021, Argo Blockchain PLC issued American depositary shares issued as Common Stock to raise $138 Million in funding.
The company has been listed on Over the Counter (OTC) markets under the ticker ARBKF prior to the Nasdaq Initial Public Offering (IPO). One share of ARB is equivalent to 10 shares of underlying ARBKF.
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Image Source: Argo Blockchain Helios Facility Grand Opening – Flickr.com