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Issue of Consideration Shares Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide a further update to its previously announced non-binding Letter of Intent with DPN LLC of New York, which set out the terms for Argo to acquire 320 acres of land in West Texas, USA. The Comp any has now completed the acquisition of DPN LLC and as a result, has acquired the land. The acquisition of DPN LLC (by way of a merger with a wholly owned subsidiary of Argo) gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months. This facility will provide Argo with what it believes are some of the lowest electricity rates in the world, the majority of which is from renewable sources.
This announcement contains inside information as defined in Article 7 of MAR. Market Soundings, as defined in MAR, were taken in respect of the proposed Placing with the result that certain persons became aware of this inside information, as permitted by MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain. About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company s shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.
PrimaryBid.com Offers Argo Blockchain ( LSE: ARB ), a global leader in cryptocurrency mining, is pleased to announce a conditional offer for subscription via PrimaryBid of new ordinary shares of 0.1p each in the Company ( New Ordinary Shares ) at an issue price of 200 pence per New Ordinary Share (the Issue Price ), being a discount of 20 per cent to the closing mid-price on 8 March 2021. The Company is also conducting a placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process (the Placing ) as announced today. The offer for subscription via PrimaryBid is divided into two separate offers, one to retail investors and the second to qualified investors within the meaning of the EU s Prospectus Regulation (Regulation (EU) 2017/1129) (together, the PrimaryBid Offers ).