According to ChainCatcher news, crypto mining company Argo Blockchain announced the completion of a placement of 38 million shares, earning total revenue of 8 million pounds (approximately $10 million). The price is 20.5p per share, a 1% discount to the 30-day weighted average price (VWAP) and an 11% premium to the 45-day VWAP.

The new funds will be used for working capital, debt repayment and other corporate purposes.