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IN BRIEF: Argo Blockchain prices USD40 million of unsecured notes

15th Nov 2021 20:39

Argo Blockchain PLC - London-based cryptocurrency miner - Prices previously announced public offering of USD40.0 million of 8.75% senior notes, due 2026. The total net proceeds from the offering are approximately USD38.6 million. Company intends to use net proceeds for general corporate purposes, the construction and purchase of mining machines for its Texas cryptocurrency mining facility and other potential acquisitions.

Current stock price: 139.95 pence

Year-to-date change: almost three times higher

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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