Cryptocurrency mining outfit Argo Blockchain will likely become the first blockchain company to list on the London Stock Exchange (LSE), Business Insider reported June 11.
After launching its subscription service for mining contracts the same day, the company says it plans to hold an IPO, following a $2.5 mln funding round it completed in January of this year.
The LSE has generally remained a more traditional environment when it comes to blockchain offerings.
While Coinsilium launched the UK’s first cryptocurrency-related IPO on London’s junior stock market AIM in 2015, the U.S. has stolen the spotlight more recently. Last month, New York Stock Exchange (NYSE) operator Intercontinental Exchange revealed its plans to allow clients to buy and hold Bitcoin (BTC).
Argo says it aspires to “democratize” the mining landscape for four altcoins – Bitcoin Gold, Ethereum, Ethereum Classic and Zcash – by renting computing power from an eco-friendly facility located in Quebec…