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Argo Blockchain Announces £4.2M Institutional Subscription To Strengthen Financial Position Amid Strategic Growth

Benzinga·12/02/2024 06:59:41
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Argo, a global leader in cryptocurrency mining, is pleased to announce that it has raised gross proceeds of £4.2 million through a subscription for its ordinary shares ("Ordinary Shares") by an institution ("Subscription"), the Company will issue 76,900,000 Ordinary Shares ("SubscriptionShares") at a purchase price of 5.5 pence per Ordinary Share.

The net proceeds from the Subscription will support Argo's strategic plans and working capital needs