The cryptocurrency mining firm said its listing on the OTCQB will have no impact on its existing shares on the London Stock Exchange and that it will continue to rely on announcements made through the LSE and will have no SEC reporting requirements.
"We are delighted to welcome Argo Blockchain PLC to the OTCQB Market. The OTC Market supports international companies seeking to strengthen visibility and transparency in the US public market. Trading on the London Stock Exchange and on the OTCQB Market will enable Argo to efficiently build global investor awareness and provide US investors with a seamless trading facility, enabling them to more easily trade through the broker of their choice", Jonathan Dickson, vice president of international corporate services at OTC Markets said in a statement.
Argo chief executive Peter Wall added: "Argo is delighted to begin trading on the OTCQB Venture Market. The cross-trading of the ordinary shares from London will provide the company with increased access to US institutional and retail investors and a broader shareholder base. US investors will now have the opportunity to share in the company's growth as the cryptocurrency market gains momentum. US investors can find real-time quotes and market information for Argo at www.otcmarkets.com and access current company news and developments."
Argo’s shares rose 4% to 105p in early trading on the LSE on Wednesday.