Argo blockchain plc announces £7.8 million ($9.9 million) placing

London, england / accesswire / january 8, 2024 / argo blockchain plc, a global leader in cryptocurrency mining (lse:arb)(nasdaq:arbk), is pleased to announce it has raised, subject to admission, gross proceeds of £7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of £0.001 each in the company ("ordinary shares") at a price per share of £0.205 to certain institutional investors (the "placing"). the placing price represents a discount of approximately 1 per cent to the 30 trading day vwap of the company's existing ordinary shares for the period ended on 5 january 2024, and a discount of approximately 24 per cent to the closing mid-price of the company's ordinary shares on 5 january 2024.
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