Argo Blockchain files for Nasdaq IPO

Argo Blockchain PLC has filed for an initial public offer (IPO) in New York on the Nasdaq Global Market.

The carbon-neutral cryptocurrency miner said it intends to list its American Depositary Shares (ADSs) under the symbol ‘ARBK’ and will maintain its listing on London’s main market.

Investment banks Barclays and Jefferies are joint book-running managers for the proposed offering.

Earlier this week, Argo said it has become the first publicly-traded cryptocurrency miner to become climate positive from scope-one, scope-two and greenhouse gas (GHG) emissions from the value chain associated with its mining operations.

In being climate positive, the company is addressing its own GHG emissions to become carbon neutral and going even further by mitigating emissions through the support of projects outside of the group.

Story by ProactiveInvestors