Bitcoin mining company Argo Blockchain raised approximately $7.5 million through the issuance of new shares.

According to a disclosure from the London Stock Exchange on July 19th, Bitcoin mining firm Argo Blockchain raised £5.7 million (approximately $7.5 million) through the issuance of new shares, which will be used to reduce the company's outstanding debt. The pricing of this new share sale was discounted by approximately 14% compared to the 30-day volume-weighted average price of Argo's stock. As previously reported by BlockBeats on April 28th, Argo Blockchain stated in a declaration that it had a net loss of £194.2 million (approximately $240 million) in 2022.