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Initial purchase of US$8 million of mining rigs from ePIC, build to spec for us.
Priority on all future production machines from ePIC globally for 2021 and 2022.
Expected delivery of the machines will begin in early Q4, 2021.
Larger scale delivery of ePIC machines will commence in 2022.
Amazing news!!! That is the sustainable growth and access to rigs that we needed!
We knew that there was going to be a 4.8% dilution for 17.25m shares (to pay for the land in Texas and to build a new mining facility there) a week ago... this was factored in after the announcement. How can this affect the current price??? BTC all time high and 1k up - we need that nasdaq announcement ASAP to stop investors jumping to RIOT/MARA...
issuing 17.25m shares, just under 4m to DPN for property in west texas and rest to pay deposit on debt facility for building the infrastructure to pay for the solar farm and some extra cash for buying BTC/rigs etc.
Basically 4% sp reduction for the next stage in the chapter of ARB.
https://youtu.be/jbWjkqwgcAM
Issuing 17.25m shares (currently ~360m) - so a 4.8% share price additio. Just under 4m to DPN for property in west texas and rest to pay deposit on debt facility for building the infrastructure to pay for the solar farm and some extra cash for buying BTC/rigs etc.
This is a gamechanger and a marginal decrease is SP for the next stage of the company.
https://www.alignresearch.co.uk/cpt-research/argo-blockchain-re-initiation-of-coverage/argo-blockchain-update/
DYOR - but 2021 targets of 2100p looks good to me!
General rules apply to be able to get listed on NASDAQ
Shareholders Equity of at least $2,000,000.
At least 100,000 shares of public float.
A minimum of 300+ shareholders.
Total assets of $4,000,000.
At least two market makers.
$2/3 minimum bid price of the company stock on closing.
Public float market value of $1,000,000.
Potential to be listed at 4-6 weeks after we reach a closing of $2 - but could be even sooner.