Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Argh Blockchain, a crypto mining company, plans to reduce its outstanding debt by raising £5.7 million through the sale of new shares.
2023-07-19 08:27
Odaily News: Cryptocurrency mining company Argo Blockchain has raised £5.7 million ($7.5 million) through the sale of new shares. The company announced on Wednesday that the sale includes private and public offerings, raising £5.134 million and £0.616 million, respectively. The funds will be used to reduce the company's outstanding debt. The number of shares sold accounts for approximately 12% of the company's pre-sale market value, with a discount of around 14% compared to Argo's 30-day volume weighted average price (VWAP). (CoinDesk)