Argo Blockchain is the first cryptomining service provider on the main market of the London Stock Exchange, raising £25 million (USD$32mn). The fundraising puts the value of the company at $61 million and will be used to expand its services and fund growth.
Based in the UK, Argo operates a global data center providing a service for the mining of cryptocurrencies. Its cloud-based mining as a Service (Maas) platform is available at scale to anyone, anywhere in the world on a monthly subscription. Consumers with little or no technical knowledge of cryptomining, computing expertise or the required complex hardware can mine Bitcoin Gold, Ethereum, Ethereum Classic and Zcash.