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Bitcoin Mining Firm Argo Blockchain Is Looking At A Secondary Listing On Nasdaq

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Argo was the first blockchain firm to list on the London Stock Exchange, and now Argo Blockchain is looking at a potential secondary listing on the Nasdaq.

Read: The Bitcoin Senator, Cynthia Lummis Invites Bitcoin Miners To Wyoming 

Argo Blockchain, which headquarter is in London, and is listed on the London stock exchange, with mining infrastructure located at multiple sites in Quebec, Canada and comprise approximately 18,000 mining machines, announced that it is considering the possibility of a secondary listing on the Nasdaq.

Read: Less Risk Of Major Sell off As Bitcoin Balances On Exchanges Drop To Lowest Level Since January

Agro says that no decision has been made regarding the timing of the secondary listing and the conditions under which it will take place.

Operational Updates

Cryptocurrency mining company Argo Blockchain announced on Tuesday that it has mined 167 Bitcoin in the month of June.


Read: Bitcoin Whales Are Buying BTC, Accumulate 60k BTC In One Day

The total hash rate on the Bitcoin blockchain dropped from 150 EH/s to 90 EH/s in one month due to restrictions on cryptocurrency mining in China, followed by a record drop in BTC Mining difficulty level. Argo Blockchain CEO Peter Wall said that despite these changes in Bitcoin, they performed well throughout June.

Argo generated revenue of £4.36 million ($6.03 million) during the month. Mined 167 BTC in May. The company has mined a total of 883 Bitcoins since the beginning of 2021. There are 1,268 BTC in total in Argo reserves.

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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