Argo Blockchain PLC

Closing of 8.75% Senior Notes due 2026 Offering

RNS Number : 7565S
Argo Blockchain PLC
18 November 2021
 

Press release

 

 

18 November 2021

 

Argo Blockchain PLC

 

("Argo" or "the Company")

 

Argo Announces Closing of 8.75% Senior Notes due 2026 Offering

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), announced the closing of its SEC-registered public offering of $40.0 million aggregate principal amount of 8.75% Senior Notes due 2026 (the "Notes").

The Notes are expected to begin trading on Nasdaq under the symbol "ARBL" following the closing date of this offering.

The offering resulted in net proceeds of approximately $38.6 million after deducting underwriting discounts and commission, but before expenses and fees. The Company intends to use the net proceeds from this offering for general corporate purposes, the construction of, and purchase of mining machines for, its Texas cryptocurrency mining facility and potentially acquisitions of, or investments in, complementary businesses in the cryptocurrency and blockchain technology industries.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes may only be offered and sold under the Company's registration statement on Form F-1, as amended, which has been filed with the Securities and Exchange Commission ("SEC") and declared effective on November 12, 2021. A copy of the registration statement is available on the SEC's website at  www.sec.gov . When available, copies of the prospectus related to the offering may be obtained from the offices of B. Riley Securities, Inc. at 1300 North 17th Street, Suite 1400, Arlington, VA 22209, by calling (703) 312‐9580 or by emailing  [email protected] .

 

For further information please contact:

Argo Blockchain


Peter Wall

Chief Executive

via Tancredi +44 203 434 2334

 

finnCap Ltd


Corporate Finance

Jonny Franklin-Adams

Tim Harper 

Joint Corporate Broker

Sunila de Silva  

+44 207 220 0500

 

 

 

 

Tennyson Securities


Joint Corporate Broker

Peter Krens

+44 207 186 9030

OTC Markets


Jonathan Dickson

[email protected]

+44 204 526 4581

+44 7731 815 896

Tancredi Intelligent Communication

UK & Europe Media Relations


Emma Valgimigli

Emma Hodges

Salamander Davoudi

[email protected]

 

+44 7727 180 873

+44 7861 995 628

+44 7957 549 906

 

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 and on the Nasdaq Global Select Market in the United States under the ticker: ARBK.

 

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