In August Argo mined a total of 206 Bitcoins
Argo Blockchain, the only Bitcoin miner listed in the UK, confirmed it has raised $112.5m in a US share sale.
The firm is selling 7.5m American depositary shares, which is equal to 10 of its UK shares.
Argo confirmed in a statement that its US shares are valued at $15 each.
The shares began trading yesterday on the Nasdaq Global Market and will be listed under the ticker “ARBK.”
On Friday the Argo Blockchain share price is down by 12.89%, as well as being down by 27.24% over the past five days, as a result.
In August Argo mined a total of 206 Bitcoins, taking its tally for the first eight months of 2021 to 1,314.
The company made £6.83m of mining revenue in August and retained a holding of 1,659 Bitcoins.
The price of Bitcoin is down by over 5% over the last 24 hours to $41,451.
