- CEO
- Justin Nolan
- Full Time Employees
- 30
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 16 Great Queen Street London United Kingdom WC2B 5DG
- IPO Date
- Aug 3, 2018
- Business
- Argo Blockchain plc operates as a United Kingdom-based blockchain technology company focused on large-scale cryptocurrency mining, primarily Bitcoin; it utilizes purpose-built mining machines such as Bitmain Antminer S19, S19 Pro, S19J Pro, and ePIC BlockMiners equipped with application-specific integrated circuits to solve complex cryptographic algorithms on blockchain networks in exchange for rewards and fees in native tokens. The company maintains mining operations at its Quebec facility in Baie Comeau, spanning over 40,000 square feet with approximately 15 megawatts capacity powered by 100% renewable hydroelectric energy, alongside additional hosted sites in North America; founded in 2017 and headquartered at Eastcastle House, 27-28 Eastcastle Street, London, W1W 8DH, it lists on the London Stock Exchange under ticker ARB and Nasdaq under ARBK. Subsidiaries include Argo Innovation Labs Inc., Argo Operating US LLC, and Argo Holdings US Inc., supporting its focus on efficient, clean-energy-powered mining infrastructure. In 2025, Argo proposes a comprehensive restructuring plan under Part 26A of the Companies Act 2006 to address capital needs and liquidity challenges, featuring a senior secured multi-draw term loan up to $7.5 million from Growler Mining Tuscaloosa, LLC at SOFR plus 6% interest, alongside Growler's contribution of crypto assets valued at $25-30 million for equity in Argo Operating US LLC; shareholders and creditors approved the plan on December 2, 2025, pending High Court sanction on December 8, 2025, which contemplates potential cancellation of its London Main Market listing while preserving Nasdaq presence and triggering UK Takeover Code considerations.