|Over a quarter ago|
Opening Day: Sportradar files for IPO after SPAC talks break off » 08:2708/2108/21/21
ARBK, ARBKF, PRCT, SRAD, QNIU, CMSL, SPRK, SCAN, AUTH, BLK, SPG, MS, GS, BCS, BAC, MXCT, RXST, TNYA, RANI, NUVL, ICVX, RSKD, OMGA, IMRX, INAB, HOOD, RLYB, ABVC
In a quiet week for IPOs,…
Argo Blockchain files for U.S. IPO, applies to list on Nasdaq with symbol 'ARBK' » 13:3008/1908/19/21
Argo Blockchain has filed…
Argo Blockchain has filed with the SEC for an initial public offering in the United States. The company is offering American Depositary Shares, or ADSs, in the United States that represents the right to receive ordinary share and may be evidenced by American Depositary Receipts, or ADRs. Argo has applied to have its ADSs listed on the Nasdaq Global Market under the symbol "ARBK." Its ordinary shares trade on the standard listing of the London Stock Exchange Main Market, or the "LSE," under the symbol "ARB," and on the OTCQX Best Market under the symbol "ARBKF." In its prospectus, Argo Blockchain stated: "We are a leading blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. We mine using purpose-built computers to solve complex cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. Our mining strategy is to cost-effectively acquire the latest generation mining machines and install them in North American facilities that utilize predominantly renewable and inexpensive power. We have a fleet of more than 21,000 machines mining Bitcoin and other cryptocurrencies and can generate more than 1,075 petahash per second, of which approximately 215 petahash is located in facilities we recently acquired in Quebec, Canada, and approximately 860 petahash is located in hosted facilities... On June 30, 2021, we held 1,268 Bitcoin and Bitcoin Equivalent valued at approximately GBP 31,896,437 based on prices as of such date. Our total revenue was GBP 31,085,716 in the six months ended June 30, 2021, representing a growth rate of 179% over GBP 11,124,455 in the six months ended June 30, 2020. We generated net income of GBP 7,213,997 and GBP 523,074 in the six months ended June 30, 2021 and in 2020, respectively, and a net loss of GBP 869,051 in 2019. We generated EBITDA of GBP 15,978,266, GBP 7,625,309 and GBP 1,387,386 in the six months ended June 30, 2021, in 2020 and in 2019, respectively."
Argo Blockchain initiated with a Buy at H.C. Wainwright » 06:4406/0106/01/21
H.C. Wainwright analyst…
H.C. Wainwright analyst Kevin Dede initiated coverage of Argo Blockchain with a Buy rating and 250 GBp price target. The company's new land deal in Texas diversifies its crypto mining effort, reduces energy costs, and provides a "growth highway," Dede tells investors in a research note.