LONDON, Jan. 13, 2021 /PRNewswire/ — Argo Blockchain (LSE: ARB), the main cryptocurrency miner primarily based within the UK, is happy to announce that it has acquired approval from the OTC Market Group Inc. to begin buying and selling on the OTCQB Enterprise Market beneath 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 gives clear buying and selling in entrepreneurial and improvement stage firms which have met a minimal bid worth 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 affect on current Argo bizarre shares buying and selling on the Most important Market of the London Inventory Alternate and no new bizarre shares shall 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 may 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 traders and a broader shareholder base. US traders will now have the chance to share within the Firm’s development because the cryptocurrency market positive factors momentum. US traders 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 firms searching for 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 world investor consciousness and supply US traders with a seamless buying and selling facility, enabling them to extra simply commerce by way of the dealer of their selection.”
Argo Blockchain plc is a worldwide chief in cryptocurrency mining with one of many largest and most effective operations powered by clear power. The Firm is headquartered in London, UK and its shares are listed on the Most important Market of the London Inventory Alternate beneath the ticker: ARB.
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SOURCE Argo Blockchain