Cryptocurrency

Argo

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/argo-blockchain-raises-5-7m-through-the-sale-of-new-shares-to-pay-the-debt/">Argo Blockchain Raises £5.7m Through the Sale of New Shares to Pay the Debt</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency miner, Argo Blockchain, has raised $7.5 million through the sale of new shares to pay down its tremendous debt. This was made up of a private placement, which raised £5.134 million, and a public sale, which raised £616,000. The number of shares sold represents around 12% of the company’s pre-sale market cap, priced at a discount of around 14% to the 30-day volume-weighted average price of Argo stock. Argo reported a net loss of £194.2 million in April, compared with a net income of £30.8 million in the last year, due to the decline in the value of bitcoin.</p>

Argo Blockchain Raises £5.7m Through the Sale of New Shares to Pay the Debt

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