The crypto miner said it has raised around £26.8mln through a placing of new shares to institutional and other investors, as well as a subscription to certain US investors and an offer for subscription of shares through PrimaryBid
() () said it has completed a fundraising that it says will allow it to complete a follow-on investment in Pluto Digital Assets as well as pursue strategic opportunities in crypto mining, capital investment, decentralised finance (DeFi) and Web 3.0 initiatives, and general working capital purposes.
In an announcement after Monday’s close, the cryptocurrency miner said it has raised around £26.8mln through the placing of around 9.6mln new shares to institutional and other investors, as well as a subscription of 361,977 shares to certain US investors and an offer for subscription of 3.4mln shares by , all at a price of 200p each, a 20% discount to its Monday closing price.
READ: Argo Blockchain completes Texas land purchase to build Bitcoin mining facility
Regarding Pluto, Argo said it has agreed to invest around £7.3mln in the investee’s…
