Join our community of smart investors

Argo Blockchain raises funds to bolster mining capacity

Group plans to use proceeds for working capital and general corporate purposes
Argo Blockchain raises funds to bolster mining capacity
  • The cryptocurrency miner will use the proceeds for general corporate purposes
  • The FCA recently flagged concerns about the cryptocurrency market

Cryptocurrency miner Argo Blockchain (ARB) has raised £22.4m via a private placement just days after bitcoin served up a reminder of its inherent volatility, soaring past the $40,000 (£29,380) milestone before retracing some of its gains.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in