A crypto mining company is currently making news as reportedly being the first crypto firm of its kind to join the London Stock Exchange. Argo Blockchain PLC has raised approximately USD 32 million, reported The Telegraph newspaper, and is changing the game for crypto miners.
The crypto mining company, Argo Blockchain, has joined the London Stock Exchange, attracting a multitude of high-end investors since its inception at the back-end of 2017.
London-based crypto mining company raising its game
A document was released by the London Stock Exchange (LSE) that a grand total of 156,250,000 standard shares in Argo, which is over 50% of the company’s total, have been launched at 16 pence per share. Argo will now have a market capitalization of GBP 47 million, which breaks down to approximately USD 61 million.
Argo Blockchain already offers its customers the opportunity to mine four of the main cryptocurrencies through their own computers or devices by simply paying a monthly subscription fee. The four main minable currencies at Argo are bitcoin gold, ether, Zcash and ethereum classic. Customers can get immediate access to the rigs of the crypto mining company, allowing direct deposits of the coins into the digital wallets of the users.
In the pages of the LSE report, it was noted that the crypto mining company has raised funds to the sound of GBP 25 million. Some of the registered shareholders include Henderson Global Investors, Jupiter Asset Management, and Miton Capital, said The Telegraph.
Changing times for crypto miners
Crypto mining has long been an industry that is dominated by tech-experts and is something that the general public is only just beginning to understand. More people than ever before want to get into crypto mining, and this is where Argo’s mining system with a monthly subscription is the way forward for the masses.
The co-founder of Argo told The Telegraph that their subscription system was geared to “take the pain and heartache out of participating in the biggest new technology breakthrough since the launch of the internet.”
The crypto mining company were founded at the back-end of 2017 in a bid to create an international data center business for helping crypto mining to reach a larger market. The plan was that their mining service would be available to anyone, not just techies, said the LSE document.
Argo launched their platform on June 11, 2018, and at the moment of writing has a full subscription that is sold out at present. The popularity of the platform is already apparent and with Argo’s admission that the firm will be able to add and remove many different cryptocurrencies in the future, this is a dynamic crypto mining model that has a very bright future.
One of the main problems with the integration of crypto mining is that the services are not easily accessed by the masses, but with Argo’s platform, the game is changing. With Argo being the first ever crypto mining company to join the London Stock Exchange, it is a very positive move for the industry as a whole heading towards mass adoption of crypto.
I am very experienced writer/blogger who has been an active member of the cryptocurrency community for several years. I have experience writing for crypto news sites and proactively been involved in the startup of other ICO and crypto ventures over the course of the past four years.