Argo Blockchain has completed a fundraise

Argo Blockchain has raised funds to purchase more mining rigs and accelerate growth.

Argo is a publicly traded blockchain technology company focused on large-scale cryptocurrency mining. The firm supports continued growth, innovation and function of the world’s top blockchain networks.

Oaklins Cavendish’s sister firm finnCap, based in the UK, acted as advisor and broker to Argo Blockchain, raising close to US$28m of the overall fundraise from a number of UK institutional funds. The team led the fundraise and coordinated the deal with two other brokers. finnCap’s book was significantly oversubscribed, which assisted in securing a successful placing price which the market and company were both happy with.