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Canadian mobility company Argo secures $7.1 million in a private placement to enhance its Smart Routing network and technology developments.
PRIVATEJul 27, 2026•3 days ago
Amount Raised
$7.1 Million
Round Type
Post-IPO Equity
LondonMobile
Description
Argo has successfully closed a CAD 10 million private placement to expand its Smart Routing transit network and enhance technology. The funds will support R&D and working capital, following agreements with municipalities in Ontario. Notably, Argo has already improved ridership metrics significantly in recent projects. The private placement is pending final acceptance by the TSX Venture Exchange.
Company Information
Company
Argo
Location
London, England, United Kingdom
About
Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the Nasdaq Global Select Market in the United States under the ticker: ARBK.
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