Argo Blockchain announced the closing of its SEC-registered public offering of $40.0 million aggregate principal amount of 8.75% Senior Notes due 2026. The Notes are expected to begin trading on Nasdaq under the symbol "ARBL" following the closing date of this offering. The offering resulted in net proceeds of approximately $38.6 million after deducting underwriting discounts and commission, but before expenses and fees. The company intends to use the net proceeds from this offering for general corporate purposes, the construction of, and purchase of mining machines for, its Texas cryptocurrency mining facility and potentially acquisitions of, or investments in, complementary businesses in the cryptocurrency and blockchain technology industries.