The London Stock Exchange has listed its first cryptocurrency company: Argo Blockchain, a cryptocurrency mining company, according to the Daily Telegraph . The company has already raised 25 million pounds.
"Amazon Web Services of Crypto"
Argo allows customers to use Ethereum, Ethereum Classic, Bitcoin Gold and ZCash with their own mining equipment. They pay a monthly fee and get rewards in proportion to the money they put. There are three packages on the website – small, medium, large – all of which are marked as sold out on the website. According to the report, the cheapest package costs 18 pounds.
Time to buy the dive
It does not offer any deposit of cryptocurrencies.
Executive President Jonathan Bixby said, "We have launched this service to take away the pain and pain from participating in the biggest new technological breakthrough since the Internet launch."
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The company was founded in December 2017 and was published in June 2018, two weeks after the endorsement by the UK Listing Authority. Bixby told the Financial Times at the time: "Over 90% of cryptocurrencies is done by industrial-grade elites because it's technically very difficult to do … We want to be the Amazon Web Services of crypto . "
Based in central London, it has its data center in Quebec. Bixby states that the plan is to use only renewable energy in its mining operations.
According to official documentation, the company raised £ 2.5 million from shareholders registered in January and now has listed 53.2% of its shares on the stock exchange. It is valued at 47 million pounds.
Bitmain is also planning an IPO
On July 25, the cryptime mining giant Bitmain, which controls nearly half of Bitcoin's world mining and has an estimated value of $ 15 billion, received $ 1 billion of financing to investors ahead of their IPO. Although the office is scheduled to be the Hong Kong Stock Exchange, founder Jihan Wu hinted at a branch denominated in US dollars. The company has suggested submitting its IPO application this month.