Crypto-Miner Argo Pursuing Listing on London Stock Exchange
Jun 10, 2018, 6:51AM
Crypto-miner Argo is seeking a listing on the London Stock Exchange after receiving approval from the U.K. Listing Authority.
Canadian-based crypto-mining company Argo is moving towards its first main-market listing. Approval from the U.K. Listing Authority has encouraged an aggressive mindset that the company would not only procure a listing on the London Stock Exchange, but would be the first ever crypto-miner to be listed on a main-market exchange.
Crypto-mining is a resource-demanding, heavy expense endeavor which many non-institutional bodies cannot afford. Argo functions as a bridge for individuals to mine four types of tokens (Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash) at a more affordable rate.
Setting up a computer rig to mine cryptocurrency is challenging, inefficient and expensive. I knew that we had to change the game and democratise the process so that crypto-mining could become a mainstream consumer activity. / Mike Edwards, co-founder
The company has seen negligible financial production to this point, but an active waitlist has resulted in the selling out of all packages. Increasing concern regarding the crypto-environment's recent fraudulent activity would likely hurt any related companies first hitting the London Stock Exchange. On idea alone, though, Argo has an attractive position within an emerging market. Recent news of potential Bitcoin ETFs has reignited faith that the token could work as an effective stock. Until then, prospective investors who believe in the revolutionary potential of blockchain will have to target crypto-miner and crypto-related stocks instead.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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