Argo Commences Trading on OTCQX Market

RNS Number : 1084Q

Argo Blockchain PLC

24 February 2021

 

Press Release

24 February 2021

Argo Blockchain PLC

('Argo' or 'The Company') 

Argo Commences Trading on OTCQX Market in the United States

Argo, the leading cryptocurrency miner based in the UK (LSE: ARB, OTCQX: ARBKF), is pleased to announce that trading in the Company's Ordinary Shares will begin today on the OTCQX Best Market in the United States, under the ticker symbol "ARBKF". Argo has upgraded to OTCQX from the OTCQB Venture Market.

The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

Argo was sponsored for OTCQX by MCAP Markets LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. Argo's ordinary shares will continue to trade on the London Stock Exchange under the symbol ARB.

Peter Wall, Chief Executive of Argo Blockchain, said: " The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading. We are proud of our commitment to transparency, openness and strong corporate governance. This approval will give increased access to US institutional and retail investors looking to invest in the Company and provide them with the opportunity to share in Argo's growth as the cryptocurrency and blockchain sectors continue to gather momentum."

Jonathan Dickson , Vice President of International Corporate Services at OTC Markets Group, said:  "Congratulations to Argo Blockchain PLC on qualifying for the OTCQX Best Market. We are pleased to support innovative and entrepreneurial international companies seeking to strengthen transparency and to provide better access to disclosure and trading for US investors. Cross-trading on OTCQX in the US will enable Argo Blockchain PLC, which is listed on the London Stock Exchange, to diversify its investor base and to expand its global engagement even further."

For further information please contact:

Argo Blockchain
Peter Wall Chief Executive Ian MacLeod Executive Chairman	via Tancredi [phone]
finnCap Ltd
Corporate Finance Jonny Franklin-Adams Tim Harper  Corporate Broking Sunila de Silva	[phone]
OTC Markets
Jonathan Dickson [e-mail]	[phone] [phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail]	[phone] [phone]

About Argo:

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB.

argoblockchain.com

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

About OTC Markets Group Inc.

The OTCQX is the premier tier of the US OTC market that is operated by OTC Markets Group Inc. OTCQX is a trading platform designed for established, investor-focused US and international companies. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications. Current financial disclosures and Real-Time Level 2 quotes for Argo are available at https://www.otcmarkets.com/stock/ARBKF/overview

 

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