Bitcoin Mining Firm Argo Files for US Public Offering



London-listed Bitcoin mining company Argo Blockchain (LSE: ARB) has submitted a registration statement for an initial public offering (IPO) in the U.S. market.

Announced Wednesday, the filing with the SEC indicates Argo is seeking to list on American Depository Shares, a commonly used mechanism by which public companies can expand to reach U.S. investors.

The number of shares to be issued and their pricing is yet to be determined. Trading is expected to start in the third quarter of the year. All initial public offerings require SEC review and approval.

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