Bitcoin mining firm Argo Blockhain, currently listed on the London Stock Exchange (LSE), is considering a secondary listing on Nasdaq.
- The London-based miner announced the plan Tuesday, saying no decision has been made whether to go ahead.
- "We've seen the global hashrate 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," CEO Peter Wall said. "Argo has capitalized on these changes, continuing to deliver strong revenue at an impressive margin."
- In March Argo acquired land in West Texas for the construction of a new mining facility.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.