First Cryptocurrency IPO on London Stock Exchange Raises £25 million

The London Stock Exchange has listed its first cryptocurrency company - Argo Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, a cryptocurrency mining company, according to the Daily Telegraph. The company has already raised £25 million.

"Amazon Web Services of crypto"

Argo lets customers mine Ethereum, Ethereum Classic, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Gold, and ZCash with its own mining equipment. They pay a monthly fee and get rewards in proportion to the money they put in. There are three packages on the website - small, medium, large - which are all marked as sold out on the website. According to the report, the cheapest package costs 18 pounds.

It does not offer any kind of cryptocurrency storage.

Executive Chairman Jonathan Bixby said: “We have launched this service to take the pain and heartache out of participating in the biggest new technology breakthrough since the launch of the internet.”

The company was founded in December 2017 and went live in June 2018, two weeks after receiving approval from the UK Listing Authority. Bixby told the Financial Times at the time: "More than 90 per cent of crypto-mining is done by elites on industrial scale because it is technically very difficult to do...We want to be the Amazon Web Services of crypto."

It is based in central London but has its data centre in Quebec. Bixby says that the plan is to use only renewable energy in its mining operations.

According to the official documentation, the company raised £2.5 million from registered shareholders in January and has now listed 53.2 percent of its shares on the exchange. It is valued at £47 million.

Bitmain is also planning an IPO

On the July 25, cryptocurrency mining giant Bitmain, which controls almost half of the world's Bitcoin mining and has an estimated worth of $15 billion, received $1 billion in investor funding ahead of its own IPO. Although the expected venue is the Hong Kong Stock Exchange, founder Jihan Wu has hinted at a US dollar-denominated venue. The company has suggested that it will submit its IPO application this month.