{"id":291759,"date":"2021-07-06T12:37:03","date_gmt":"2021-07-06T09:37:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-mining-firm-argo-blockchain-eyes-secondary-nasdaq-listing\/"},"modified":"2021-07-06T12:37:03","modified_gmt":"2021-07-06T09:37:03","slug":"crypto-mining-firm-argo-blockchain-eyes-secondary-nasdaq-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-mining-firm-argo-blockchain-eyes-secondary-nasdaq-listing\/","title":{"rendered":"# Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing"},"content":{"rendered":"<p>&#8220;<strong># Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Argo Blockchain, a publicly traded blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange.<\/p>\n<p>On Tuesday, the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ArgoBlockchain\/status\/1412290326736351232?s=20\">announced<\/a>\u00a0that it is now exploring the possibility of a secondary listing on the Nasdaq as part of its operational and strategic update for June 2021.<\/p>\n<p>Argo Blockchain said that the firm has not yet reached a decision on the timing of the secondary listing, noting that \u201cthere is no guarantee that the listing will be finalized.\u201d \u201cAny proposed listing is subject to market and other conditions, and there can be no assurance as to whether or when the proposed listing may be completed,\u201d the company stated.<\/p>\n<p>As part of the latest update, Argo Blockchain disclosed that the company mined a total of 167 Bitcoin (BTC) with a mining revenue of 4.4 million British pounds ($6 million) and a mining profit rate of 78%. According to the announcement, Argo Blockchain\u2019s total mining revenue stands at 883 BTC year-to-date, and the company projects to hold 1,286 BTC or an equivalent amount by the end of the month.<\/p>\n<p>Argo Blockchain CEO Peter Wall said that the crypto industry faced \u201cbig changes\u201d in June, referring to a significant reduction in the total global hash rate and mining difficulty amid a crackdown on crypto mining in China. \u201cArgo has capitalised on these changes, continuing to deliver strong revenue at an impressive margin,\u201d the firm noted.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>China crypto ban a \u2018huge opportunity for Canada,\u2019 mining group head says<\/em><\/strong><\/p>\n<p>As previously reported, Argo Blockchain became the first crypto mining company to list on the London Stock Exchange in 2018, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.lseg.com\/markets-products-and-services\/our-markets\/london-stock-exchange\/equities-markets\/raising-equity-finance\/market-open-ceremony\/welcome-stories\/london-stock-exchange-welcomes-argo-blockchain-plc-main-market\">placing<\/a> over 159 million ordinary shares at 16 British pounds ($22). The stock has significantly surged since listing, reaching an all-time high above 280 pounds ($387) this February, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LSE-ARB\/\">data<\/a> from TradingView.<\/p>\n<p>At the time of writing, the ARB stock is trading at 125 pounds ($173), down around 2% over the past 24 hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/8996e6c0-6bcb-450a-9d45-9927d9c8fb62.png\"><figcaption style=\"text-align: center;\"><em>Source: TradingView<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-mining-firm-argo-blockchain-eyes-secondary-nasdaq-listing\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing &#8221; Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced\u00a0that it is now exploring the possibility of a secondary listing on the Nasdaq as part of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":291760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYTk2N2IwOWMtYzU5My00NzY2LTkyNTgtOTFjZDA4OTgyZmI3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,117,4973,72332,70359],"class_list":["post-291759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-business","tag-china","tag-nasdaq","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/291759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=291759"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/291759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/291760"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=291759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=291759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=291759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}