coindesk.com
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.
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The company is offering 7.5 million ADSs, each representing 10 of the company’s common stock.
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Argo shares rose as much as 9.5% in early London trading to £1.43 ($1.98).
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The London-based company announced the sale last month, and has applied for the ADSs to trade under the ticker “ARBK.”
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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 has been raising funds in recent months.
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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
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