The majority of the funds were raised through a private issuance, while a public component made up the rest. The money will be used to mitigate the company’s outstanding debt and the company’s stock took a noticeable dip after the issuance.
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Argo Blockchain Issues New Shares To Draw Down Debt
Crypto miner Argo Blockchain raised $7.5 million after issuing new shares. So reports CoinDesk.
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