Latest Share Chat

IN BRIEF: Argo Blockchain proposes fundraising for Pluto investment

Mon, 08th Mar 2021 17:49

Argo Blockchain PLC - cryptocurrency mining firm - Says it intends to raise up to GBP26.8 million via share placing of 9.6 million shares to institutional and other investors and an offer for subscription for up to 3.4 million shares at an issue price of 200 pence each. Price is 20% discount to Monday's closing price. Argo has agreed to invest a further GBP7.3 million in Pluto Digital Assets PLC as part of Pluto's current funding round in order to maintain Argo's shareholding in Pluto at 25%.

Current stock price: 250.49p

Year-to-date change: six times higher

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Related Shares

More News

25 Apr 2024 12:47

Argo Blockchain narrows annual loss amid bitcoin recovery in 2023

(Alliance News) - Argo Blockchain PLC on Thursday said the company strengthened its financial position last year, thanks to cost cutting and a rally i...

18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

5 Apr 2024 10:54

Argo Blockchain ups Bitcoin mining production in March amid relocation

(Alliance News) - Argo Blockchain PLC on Friday said it mined more Bitcoin in March than a month earlier, despite network difficulties.

5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reporte...

5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilit...