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Crypto mining firm Argo Blockchain files for US IPO

July 21, 2021. Summarized by summa-bot.

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The U.K.-based crypto mining firm has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021

Argo Blockchain, a U. K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States.

According to a confidential draft registration statement filed Tuesday with the U. S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021.

Related: Argo Blockchain to launch clean energy Bitcoin mining pool

Argo announced in March that it had secured a 320-acre plot of land it planned to use for the construction of a 200-megawatt crypto mining facility.

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