Argo Blockchain Shares Spike After Report About Huge Post-IPO Mining Package Sales

Mon, 1/10/2018 - 15:06

Argo Blockchain Shares Spike After Report About Huge Post-IPO Mining Package Sales

Cover image via U.Today

Argo Blockchain, a London-based crypto mining company, has witnessed a minor three percent spike in its shares following the report about a ten-fold increase in sales of their mining packages. After expanding its mining capacity, the company is able to sign up seven-times more clients. As of now, they have sold more than 4,200 packages, but the startup doesn’t want to stop here — they are currently targeting at 30,000 packages in the next 12 months.

According to an earlier U.Today report, Argo Blockchain became the first crypto-oriented company to launch an IPO on the London Stock Exchange (LSE). Its IPO managed to rake in £25 mln while its current market capitalization is sitting at £22 mln.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.