British company engaged in the mining of cryptocurrencies, placed its shares on the London stock exchange, and has raised 25 million pounds (about 32.5 million U.S. dollars).
The Argo Mining company from UK, providing services for mining cryptocurrency by subscription, recently became the first cryptocurrency organization included in the list of the London stock exchange. Through IPO managed to attract £ 5 million more than the company originally anticipated.
Argo Mining dumped on the exchange 156 million shares, i.e. 53.2% of shareholders ' equity. Value of one share is 16 penny. The company market is estimated at 47 million pounds (approximately 61,2 million dollars).
According to acting Chairman of the Argo Mining of Jonathan Bixby, a hit on the London stock exchange is a major step in the development of the company. Thanks to the successful IPOs, the firm has received all the opportunities to implement long-term strategy of growth and development in various jurisdictions.
In May this year, the company received support Listing authority of the UK, and in June launched subscription service for mining cryptocurrency. On the official website Argo Mining available in three packages, each of which has its own volume of mining capacity. Customers can get Ethereum, Bitcoin Gold, zcash for Ethereum and Classic. At the moment all packages are sold out.
Jonathan Bixby also said that 90% of the mining of cryptocurrencies is elected by the enterprises at the industrial level becouse of the exceptional technical complexity of the process. Another serious obstacle for ordinary miners is the cost of special equipment — from 5 thousand dollars and above. So Argo Mining is going to become the "Amazon Web Services in the cryptocurrency space."
The success of the Argo Mining other cryptocurrency inspired the company to IPO. For example, the largest Asian company Bitmain, Ebang Communication and Canaan Creative in the near future are planing to hold an IPO on the Hong Kong stock exchange.