Argo Blockchain Raises $112.5M in US Share Sale — CoinDesk

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Argo Blockchain Raises $112.5M in US Share Sale

Argo Blockchain, the only U.K.-listed cryptocurrency miner, said it raised $112.5 million in a U.S. share sale. The London-based company is selling 7.5 million American depositary shares, each equivalent to 10 of its U.K.-traded shares. The U.S. shares are priced at $15 each, the company said in a statement Thursday. In its prospectus filed with the U.S. Securities and Exchange Commission Sept. 14, Argo said it expected an initial offering price of $18.40, based on the value of its London-traded shares at the time. The shares are due to start…