<p><span style="font-weight: 400;">Argo Blockchain, a crypto mining firm listed on the London Stock Exchange, </span><a href="https://www.sec.gov/Archives/edgar/data/0001841675/000110465921135341/tm2130707-4_f1.htm"><span style="font-weight: 400;">filed</span></a><span style="font-weight: 400;"> for a proposed public debt offering with the US Securities and Exchange Commission on Monday. </span><span style="font-weight: 400;">The offering includes 8.75% senior notes that will mature on November 30, 2026, and will be sold in increments of $25. </span></p> <p><span style="font-weight: 400;">Argo intends to raise $57.5 million through the offering, according to the filing and people familiar with the matter. The funds will be used to help purchase crypto mining hardware and to complete the construction of its forthcoming 800-megawatt Texas mining facility — which could cost between </span><a href="https://www.theblockcrypto.com/post/123386/argo-filing-reveals-texas-mining-facility-could-cost-up-to-2-billion-to-build"><span style="font-weight: 400;">$1.5 billion to $2 billion</span></a><span style="font-weight: 400;">. </span></p> <p><span style="font-weight: 400;">In addition, the firm plans to use the funds for “general corporate purposes” as well as to potentially fund other crypto or blockchain-based businesses, according to a </span><a href="https://www.investegate.co.uk/argo-blockchain-plc/rns/proposed-public-offering/202111081402336891R/"><span style="font-weight: 400;">company release</span></a><span style="font-weight: 400;">. </span></p> <p><span style="font-weight: 400;">Argo notes in the filing that possible risks to investors could include delays related to the availability of crypto mining hardware, skilled labor and water and transportation for the Texas facility — where Argo intends to power 90% of its operations through renewable sources. </span><span style="font-weight: 400;">The mining firm also disclosed in the filing that it had $58 million in outstanding debt as of September 30, 2021. </span></p>