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Argo Blockchain plc

Argo Blockchain plc

ARBKF
Argo Blockchain plcUS flagOther OTC
0.00
USD
+0.00
- -
2.16MMarket Cap
Argo Blockchain plc
ARBKF
(Other OTC)

Recent

price

0.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
TTM
FRC
- -
0.04
0.09
0.25
0.12
0.11
0.08
0.16
Revenue per Share
- -
- -
0.01
0.1
-0.48
-0.07
-0.09
-0.18
Basic EPS, GAAP
- -
-0.07
- -
-0.57
-0.44
-0.1
-0.07
-0.05
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
-0.02
0.1
0.18
-0.33
-0.38
-0.4
-0.8
Book Value per Share
- -
0.09
0.11
0.67
0.05
- -
-0.05
-0.1
Tangible Book Value per Share
- -
294
303
398
474
504
608
309
Basic Weighted Avg Shares
- -
11
26
99
59
58
49
50
Sales/Revenue/Turnover
- -
-2.28
9.86
57.36
-65.16
-28.51
-26.66
-25.92
Operating Margin (%)
- -
3
8
15
29
20
15
15
Depreciation Expense
- -
-1
2
39
-229
-35
-55
-55
Net Income, GAAP
- -
- -
- -
22.46
- -
- -
- -
- -
Effective Tax Rate (%)
- -
-10.09
7.61
39.57
-390.83
-60.01
-113.58
-110.1
Profit Margin (%)
23
-1
6
137
6
-13
2
2
Working Capital
- -
- -
5
41
64
48
39
39
LT Debt
27
27
33
272
25
- -
-29
-29
Total Equity
- -
- -
7.08
21.99
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
12.16
44.97
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
77.59
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
6
1
1
LT Borrowings
39
39
39
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
578
636
715
Market Capitalization
22
27
14

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
6
6
12
Cash, Cash Equivalents & STI
4
3
9
Accounts Receivable, Net
1
3
- -
Inventories
- -
- -
- -
Total Current Liabilities
14
11
9
Payables & Accruals
- -
- -
- -
ST Debt
6
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-3,641.71%
-18,761.39%
Free Cash Flow
- -
-4,701.07%
-8.7%
Net Income, GAAP
- -
180.81%
59.08%
Sales/Revenue/Turnover
- -
70.56%
-15.95%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
11
14
10
18
58
2024
17
14
7
12
49
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-20
- -
-0.02
- -
-0.07
2024
-10
- -
-0.01
- -
-0.09
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Argo Blockchain plc is a United Kingdom-based blockchain technology company primarily engaged in large-scale cryptocurrency mining, with a focus on Bitcoin. The company operates purpose-built mining facilities equipped with advanced mining machines, including Bitmain S19J Pro units, to solve cryptographic algorithms on the blockchain and earn rewards and fees denominated in native blockchain tokens. Argo offers a combination of owning and operating its mining infrastructure alongside hosting mining equipment for third parties, with facilities predominantly located in Quebec, Canada, leveraging renewable energy sources such as hydropower to ensure sustainable operations. Additionally, through its Argo Labs division, the company participates in Web 3.0, decentralized finance (DeFi), and GameFi projects, contributing to broader cryptocurrency market developments. Founded in 2017 and headquartered in London, Argo Blockchain is dual-listed on the London Stock Exchange (ticker: ARB) and NASDAQ (ticker: ARBK). In recent developments, Argo Blockchain reported its 2024 annual results reflecting operational and financial challenges influenced by the April 2024 Bitcoin halving, which reduced mining margins and revenue. The company mined 755 Bitcoin in 2024, down from 1,760 in 2023, resulting in a 7% revenue decline to $47.1 million and a net loss of $55.1 million primarily due to asset impairment. Despite this, Argo achieved strategic financial improvements by fully repaying its Galaxy Digital Holdings debt, reducing net debt by $24.1 million to $31.0 million, and lowering non-mining operating costs by 34% compared to the previous year. Post-period, Argo signed hosting agreements with Merkle Standard LLC for over 13,000 miners, sold approximately 8,000 mining units, and strategically deployed its Helios miners across hosting sites, aiming for an expected hashrate of 1.7 exahash by mid-2025. The company has also requested the restoration of its listing with the Financial Conduct Authority to resume trading after previous regulatory suspension. Argo Blockchain’s core products and services encompass Bitcoin mining using proprietary and hosted mining hardware; mining-as-a-service solutions facilitating client access to cryptocurrency mining; and development involvement in emerging blockchain technologies and decentralized applications. Its mining facilities focus on sustainability by utilizing renewable energy, primarily in Canadian locations, while maintaining operational flexibility between owned and hosted mining capacities. The company strategically balances growth through equipment acquisition, refurbishment, and deployment alongside debt reduction and operational cost management to navigate the volatile cryptocurrency market landscape. Argo continues to target advancements in energy-efficient mining and expansion within cryptocurrency infrastructure services.

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