LONDON, Jan. 13, 2021 /PRNewswire/ — Argo Blockchain (LSE: ARB), the main cryptocurrency miner based mostly within the UK, is happy to announce that it has acquired approval from the OTC Market Group Inc. to start buying and selling on the OTCQB Enterprise Market underneath the ticker image “ARBKF” on the opening of the buying and selling day on 13 January 2021. Argo’s shares will proceed to commerce on the London Inventory Alternate.
The OTCQB presents clear buying and selling in entrepreneurial and improvement stage corporations which have met a minimal bid value take a look at, are present of their monetary reporting and have undergone an annual verification and administration certification course of.
Buying and selling on the US OTC market has no influence on current Argo bizarre shares buying and selling on the Major Market of the London Inventory Alternate and no new bizarre shares will probably be issued as a part of the cross-trade. Argo will proceed to depend on the bulletins and disclosures it makes to the London Inventory Alternate and could have no Sarbanes-Oxley or SEC reporting necessities.
Peter Wall, Chief Govt of Argo Blockchain, mentioned: “Argo is delighted to start buying and selling on the OTCQB Enterprise Market. The cross-trading of the bizarre shares from London will present the Firm with elevated entry to US institutional and retail buyers and a broader shareholder base. US buyers will now have the chance to share within the Firm’s progress because the cryptocurrency market positive factors momentum. US buyers can discover real-time quotes and market data for Argo at www.otcmarkets.com and entry present firm information and developments.”
Jonathan Dickson, VP of Worldwide Company Providers at OTC Markets, mentioned: “We’re delighted to welcome Argo Blockchain plc to the OTCQB Market. The OTC Market helps worldwide corporations in search of to strengthen visibility and transparency within the US public market. Buying and selling on the London Inventory Alternate and on the OTCQB Market will allow Argo to effectively construct international investor consciousness and supply US buyers with a seamless buying and selling facility, enabling them to extra simply commerce by the dealer of their alternative.”
Argo Blockchain plc is a worldwide chief in cryptocurrency mining with one of many largest and best operations powered by clear power. The Firm is headquartered in London, UK and its shares are listed on the Major Market of the London Inventory Alternate underneath the ticker: ARB.
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SOURCE Argo Blockchain