An "AWS For Crypto" has just raised 25 million pounds on the London Stock Exchange and plans to open Bitcoin Genius bars



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Co-founders Argo Blockchain, Jonathan Bixby and Mike Edwards.

Co-founders Argo Blockchain, Jonathan Bixby and Mike Edwards.Argo Blockchain

Last week, one of the most unusual shares ever listed on the stock market arrived in London.

A crypto-operated and for-profit mining company with only a handful of clients raised £ 25 million ($ 32.1 million) on the London Stock Exchange (LSE) and achieved £ 47 million ($ 60.6 million).

Not bad for a company of barely 10 months.

Bixby thinks that the opportunity for Argo is to provide the infrastructure that powers the crypto revolution.

Bixby thinks that the opportunity for Argo is to provide the infrastructure that powers the crypto revolution.Argo Blockchain

Enter Argo

Argo Blockchain was designed by Jonathan Bixby and Mike Edwards, two Canadian entrepreneurs and serial investors who were drawn to the opportunities offered by the cryptography industry.

"When we look at the companies that, in the '90s, were really successful and had a huge global opportunity, the answer is that it's the infrastructure companies," Bixby said. Forbes shortly after the list.

"The basic infrastructure of crypto starts with the incentive, which is mining, and we see an opportunity to change the game at this level."

For the uninitiated, crypto-extraction is the process by which transactions or changes made to a blockchain are verified. This is an intensive IT process that encourages participants to use tokens as a reward.

According to Argo, the exploitation of cryptography does not conform to its principle of decentralization and democracy. According to Bixby, 98% of cryptographic extraction is currently performed on an industrial scale by wealthy miners.

"Even if you have the capital, even if you have the know-how, you still can not mine in urban centers like London, it's too expensive, electricity is too expensive," did he declare.

By securing servers in Canada, China and Northern Europe, Argo plans to offer competitive prices for cryptographic extraction.

By securing servers in Canada, China and Northern Europe, Argo plans to offer competitive prices for cryptographic extraction.Argo Blockchain.

Instead, Argo's project is to become the "Crypto Amazon Web Services" with data centers located in Canada, China and Northern Europe, where they can offer crypto-extraction to low cost on a slippery monthly contract, similar to a gym membership.

And while traditionally, mining was associated with bitcoin, because of the difficult economic situation Argo focuses instead on Bitcoin Gold, Ethereum, Ethereum Classic and Zcash, less resource intensive.

It is not the first mining company as a service to launch. Argo's main competitor is Genesis Mining, which offers mining capacity on fixed two- or five-year contracts and which, according to Bixby, has a waiting list of one million people.

The competition against Genesis is not the goal of Argo, but the goal is to go beyond "crypto bros" to educate the next generation "crypto-curious" on the opportunity crypto.

"We believe that a millennium, everyone, but especially a millennium, should begin to build a portfolio and that a certain percentage of this portfolio should be made up of cryptographic assets."

To do this, Bixby and his team take a page from Apple, with plans to establish a presence on Main Street in order to broadcast their crypto gospel.

Although currently exhausted, the price of Argo will start at £ 25 / month.

Although currently exhausted, the price of Argo will start at £ 25 / month.Argo Blockchain.

Crypto Genius Bars

"It's a bit like sex," says Argo co-founder.

"Everyone thinks they know everything about it, but nobody talks about it and no one wants to ask a silly question."

Bixby said this point had been particularly warned at recent investor meetings, many of which had begun with questions about the fundamentals of crypto-currencies and blockchain structure.

"So we start to put plans in place for lsqb; Argo's s & rsqb; first point of sale in London, followed by Soul, Tokyo and Singapore ".

"It's all about education, education," he said. Forbes, explaining that the goal is primarily to educate and provide customer service rather than sales.

In the early days of trading in LSE shares, investor response to Argo remained tentative. Indeed, since listing at 16 shares, its stock has fallen to less than 12p.

Although Argo has not yet made waves in the stock market, it certainly does in the stock market world.

James Clark, Head of Technology and Life Sciences, Primary Markets, LSE.

James Clark, Head of Technology and Life Sciences, Primary Markets, LSE.James Clark.

The LSE

"It's pretty unusual," he said James Clark, Technical Manager and Life Sciences at LSEwhen asked what was the list before Argo's income. "But it's still possible."

"Especially where the investment you need is what will actually drive revenue further down the track, I would say that's a great example of this type of business."

In some respects, the unusual list may be seen as a double response by the LSE, both because it fears that it will fall behind with respect to cryptography-related actions (there are many in the United States), and those who say that is not the case. respond to the rise of blockchain technology, especially as crypto startups in countries like Malta work on securities that may one day call into question the dominance of the stock market.

Forbes is informed that at least one UK company was in talks with the regulator on the launch of securities denominated in tokens.

In response to the changing landscape, Clark said that the LSE and traditional markets still offer unique value to companies seeking to raise funds.

"The conversations that I have had throughout 2018 have been around" we want access to the capital, but we also want the credibility that comes from working with a major international stock exchange. "

The London Stock Exchange Group is working on a blockchain project in partnership with its Italian grant Borsa Italiana and IBM allow unlisted small businesses to digitize their private shares, but this has not started yet.

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Co-founders Argo Blockchain, Jonathan Bixby and Mike Edwards.

Co-founders Argo Blockchain, Jonathan Bixby and Mike Edwards.Argo Blockchain

Last week, one of the most unusual shares ever listed on the stock market arrived in London.

A crypto-operated and for-profit mining company with only a handful of clients raised £ 25 million ($ 32.1 million) on the London Stock Exchange (LSE) and achieved £ 47 million ($ 60.6 million).

Not bad for a company of barely 10 months.

Bixby thinks that the opportunity for Argo is to provide the infrastructure that powers the crypto revolution.

Bixby thinks that the opportunity for Argo is to provide the infrastructure that powers the crypto revolution.Argo Blockchain

Enter Argo

Argo Blockchain was designed by Jonathan Bixby and Mike Edwards, two Canadian entrepreneurs and serial investors who were drawn to the opportunities offered by the cryptography industry.

"When we look at the companies that, in the '90s, were really successful and had a huge global opportunity, the answer is that it's the infrastructure companies," Bixby said. Forbes shortly after the list.

"The basic infrastructure of crypto starts with the incentive, which is mining, and we see an opportunity to change the game at this level."

For the uninitiated, crypto-extraction is the process by which transactions or changes made to a blockchain are verified. This is an intensive IT process that encourages participants to use tokens as a reward.

According to Argo, the exploitation of cryptography does not conform to its principle of decentralization and democracy. According to Bixby, 98% of cryptographic extraction is currently performed on an industrial scale by wealthy miners.

"Even if you have the capital, even if you have the know-how, you still can not mine in urban centers like London, it's too expensive, electricity is too expensive," did he declare.

By securing servers in Canada, China and Northern Europe, Argo plans to offer competitive prices for cryptographic extraction.

By securing servers in Canada, China and Northern Europe, Argo plans to offer competitive prices for cryptographic extraction.Argo Blockchain.

Instead, Argo's project is to become the "Crypto Amazon Web Services" with data centers located in Canada, China and Northern Europe, where they can offer crypto-extraction to low cost on a slippery monthly contract, similar to a gym membership.

And while traditionally, mining was associated with bitcoin, because of the difficult economic situation, Argo is more interested in gold bitcoins, Ethereum, Ethereum Classic and Zcash, less resource intensive.

It is not the first mining company as a service to launch. Argo's main competitor is Genesis Mining, which offers mining capacity on fixed two- or five-year contracts and which, according to Bixby, has a waiting list of one million people.

The competition against Genesis is not the goal of Argo, but the goal is to go beyond "crypto bros" to educate the next generation "crypto-curious" on the opportunity crypto.

"We believe that a millennium, everyone, but especially a millennium, should begin to build a portfolio and that a certain percentage of this portfolio should be made up of cryptographic assets."

To do this, Bixby and his team take a page from Apple, with plans to establish a presence on Main Street in order to broadcast their crypto gospel.

Although currently exhausted, the price of Argo will start at £ 25 / month.

Although currently exhausted, the price of Argo will start at £ 25 / month.Argo Blockchain.

Crypto Genius Bars

"It's a bit like sex," says Argo co-founder.

"Everyone thinks they know everything about it, but nobody talks about it and no one wants to ask a silly question."

Bixby said this point had been particularly warned at recent investor meetings, many of which had begun with questions about the fundamentals of crypto-currencies and blockchain structure.

"So we start to put plans in place to [Argo’s] first point of sale in London, followed by Soul, Tokyo and Singapore ".

"It's all about education, education," he said. Forbes, explaining that the goal is primarily to educate and provide customer service rather than sales.

During the early trading days on the LSE shares, investors' response to Argo remained lukewarm – since the 16-share listing was reduced to less than 12 shares.

Although Argo has not yet made waves in the stock market, it certainly does in the stock market world.

James Clark, Head of Technology and Life Sciences, Primary Markets, LSE.

James Clark, Head of Technology and Life Sciences, Primary Markets, LSE.James Clark.

The LSE

"It's pretty unusual," he said James Clark, Head of Technology and Life Sciences at LSE, when asked what was the list before Argo's revenue. "But it's still possible."

"Especially where the investment you need is what will actually drive revenue further down the track, I would say that's a great example of this type of business."

In some respects, the unusual list may be seen as a double response from the LSE, both because it fears that it will fall behind with respect to cryptography-related actions (many are listed in the United States), responding to the rise of blockchain technology, especially when cryptographic startups in countries such as Malta are working on symbolic values ​​that could one day challenge the dominance of the stock market .

Forbes is informed that at least one UK company was in talks with the regulator on the launch of securities denominated in tokens.

In response to the changing landscape, Clark said that the LSE and traditional markets still offer unique value to companies seeking to raise funds.

"The conversations that I have had throughout 2018 have been around" we want access to the capital, but we also want the credibility that comes from working with a major international stock exchange. "

The London Stock Exchange Group is working on a blockchain project in partnership with its Italian grant Borsa Italiana and IBM to allow unlisted small businesses to digitize their private shares, but this has not started yet.