Bitcoin mining companies hit Wall Street

Wall Street Bitcoin mining companies

Bitcoin mining companies Greenidge and Argo Blockchain will hit the Wall Street stock exchange. Greenidge is nearing the completion of a merger with the customer and technical support solutions provider Support.com to become the latest publicly traded mining company.

Upon completion of the merger, Support.com Inc. will become a wholly-owned subsidiary of Greenidge Generation Holdings Inc. Class A shares of the new entity will trade under the GREE ticker.

Greenidge’s merger with Support.com, a company that provides customer service support solutions, has already been announced in a post on PR Newswire. In this way, with this process consolidated on September 14, the bitcoin mining and electric power generator company reach the Nasdaq stock exchange starting this Wednesday, September 15.

Wall Street Bitcoin Miners

Meanwhile, Argo Blockchain, which will also be listed on the Nasdaq stock exchange, will put the company’s shares up for sale through an initial public offering. In this way, the bitcoin mining firm that is already listed on the London stock exchange arrives on Wall Street with a package of 7.5 million shares that will be put up for sale, according to the official Nasdaq site.

The symbol will be ARBK, according to the company on its Twitter account. With an initial price of $18.40 per share, this IPO could allow the English mining company to raise approximately $138 million. The symbol will be ARBK, according to the company on its Twitter account. With an initial price of $18.40 per share, this IPO could allow the English mining company to raise approximately $138 million.

A few weeks ago it became known that BlackRock, the world’s leading investment company, is injecting funds into two companies dedicated to mining digital assets. The New York-based company spent $382 million to inject into Marathon Digital Holdings and the Riot Blockchain. These are two U.S. corporations listed on the Nasdaq market that are deploying infrastructure and installing thousands of ASIC miners.

In the cryptocurrency sector, miners dominate the stock market, with 35% of them being publicly traded. They are followed by financial services companies (33%) and exchanges (26%).