Argo Blockchain mulls secondary listing on Nasdaq

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The crypto miner said the timing and terms of such as listing have yet to be determined and there is no certainty around whether it will occur

() said it is exploring a potential secondary listing on the Nasdaq market, although it has yet to make any decisions regarding the timing or terms of such a listing.

The consideration accompanied an update for the crypto miner’s performance for June, in which it reported that it had mined 167 Bitcoin and Bitcoin Equivalent (BTC) over the month compared to 166 BTC in May, taking the total BTC mined in the year-to-date to 883.

READ: Argo Blockchain inks Bitcoin-backed loan deal

Revenue from mining during the month amounted to £4.36mln compared to £5.51mln in May, while the average monthly mining margin for June stood at 78%.

“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”, Argo chief executive Peter Wall said in a statement.

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