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Argo Blockchain Priced, Nasdaq: ARBK

Blockchain technology company focused on large-scale crypto mining.

Industry: Technology

Latest Trade: $16.75 0.00 (0.0%)

First Day Return: +11.7%

Return from IPO: +11.7%

Industry: Technology

We are a leading blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. We mine using purpose-built computers (or "mining machines") to solve complex cryptographic algorithms (or "verify" or "solve" blocks) in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. Our mining strategy is to cost-effectively acquire the latest generation mining machines and install them in North American facilities that utilize predominantly renewable and inexpensive power. We have a fleet of more than 21,000 machines mining Bitcoin and other cryptocurrencies and can generate more than 1,075 petahash per second, of which approximately 215 petahash is located in facilities we recently acquired in Quebec, Canada, and approximately 860 petahash is located in hosted facilities. Petahash per second is a measure of Bitcoin mining performance and computational power. As of June 30, 2021, our total hashrate places us in the top 10 of publicly listed self-miners that report such data. We operate our mining machines from two facilities that we own in Canada and four hosted facilities in Canada and the United States. As of June 30, 2021, the facilities we own in Canada represent a combined 20 megawatts ("MW") of power, and our mining machines at our hosted facilities in Canada and the United States use up to a combined 23.5 MW of power.
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IPO News for Argo Blockchain
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IPO Data
IPO File Date 08/19/2021
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 7.5
Deal Size ($mm) $113
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/22/2021
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 7.5
Deal Size ($mm) $113
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters London, United Kingdom
Founded 2017
Employees 6
Website www.argoblockchain.com