Jane Imrie

Cryptocurrency giant Argo Blockchain to explore secondary NASDAQ listing

Global cryptocurrency mining specialist Argo Blockchain has announced plans to potentially add a secondary listing to NASDAQ.

The company has said it is exploring the possibility of a secondary listing on the stock exchange following “big changes” in the global cryptocurrency sector.

The news comes as the firm published its operational update for June, which saw 167 Bitcoin or Bitcoin equivalent (BTC) mined compared with 166 in May, bringing the total amount year-to-date to 883 BTC.

Peter Wall, chief executive of Argo, commented: “June has seen big changes in the cryptocurrency sector, with the reduction in total global hash rate and mining difficulty as mining machines have come offline in China.

“We’ve seen the global hash rate drop from over 150m TH/s to just 90m TH/s in the space of a month and mining difficulty adjusted to reflect this reduction.

“Argo has capitalised on these changes, continuing to deliver strong revenue at an impressive margin. We are also pleased to announce the exploration of a potential secondary listing on NASDAQ.”

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