Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.argoblockchain.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/26/2024 | Buy → Neutral | H.C. Wainwright | |
| 10/10/2022 | $7.00 → $3.00 | Overweight → Equal Weight | Barclays |
| 3/25/2022 | $11.00 | Hold | Stifel |
| 3/8/2022 | $21.00 → $25.00 | Buy | Compass Point |
Notice of Q3 2024 Results and Investor Presentation LONDON, UK / ACCESSWIRE / November 14, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q3 2024 results will be released on 20 November 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on 20 November 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add
Baie Comeau, High Performance Computing and Helios Updates LONDON, UNITED KINGDOM / ACCESSWIRE / November 7, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following update:Baie-Comeau and High Performance Computing (HPC)Argo has entered into a non-binding letter of intent ("LOI") with BE Global Development Limited ("BE"), a specialist in HPC solutions, to explore a significant expansion at the Company's owned and operated Baie-Comeau facility. This proposed expansion would involve deploying advanced HPC infrastructure, which would diversify Argo's capabilities beyond Bitcoin mining into high-performance computing, posit
LONDON, ENGLAND / ACCESSWIRE / November 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for October 2024.During the month of October, the Company mined 46 Bitcoin ("BTC"), or 1.5 BTC per day, a 24% increase over the Company's September production.Mining revenue in October 2024 amounted to $3.0 million up 36% from $2.2 million in September 2024. The increase in mining revenue reflects increased uptime as a result of lower power costs compared to September and the stronger hashprice realized during the month of October. As at 31 October 2024, the Company held two BTC equivalent.This announcem
LONDON, UK / ACCESSWIRE / October 4, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for September 2024.During the month of September, the Company mined 37 Bitcoin ("BTC"), or 1.2 BTC per day consistent with August 2024. BTC production was again impacted by economic curtailments during the month and low hash price.Mining revenue in September 2024 amounted to $2.2 million down from $2.3 million in August 2024. Mining margin for the third quarter was below 10%, lower than the second quarter as a result of the lower hash price realized in the third quarter versus the second quarter, and higher po
LONDON, ENGLAND / ACCESSWIRE / September 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for August 2024.During the month of August, the Company mined 38 Bitcoin ("BTC"), or 1.2 BTC per day down from 1.5 per day in July 2024. BTC production was down due to more frequent economic curtailments during the month and lower hash price.Mining revenue in August 2024 amounted to $2.3 million down from $3.0 million in July 2024. Mining margin for August 2024 was below 10%, lower than July as a result of the lower hash price realized in August compared to July, and higher power prices. As at 31 August
LONDON, UNITED KINGDOM / ACCESSWIRE / August 28, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its results for the six months ended 30 June 2024.HighlightsRevenues of $29.3 million for H1 2024 compared to $24.0 million for H1 2023, an 18% increase, driven primarily by an increase in Bitcoin price. Revenue in the first half of 2024 compared to 2023 increased despite the Bitcoin halving and a decrease in the number of Bitcoin mined. The total number of Bitcoin ("BTC") mined during H1 2024 was 507, a 46% decrease from H1 2023 of 947. This is primarily due to the increase in the global hashrate and the reduction in the bitcoin
Notice of Q2 2024 Results and Investor PresentationLONDON, ENGLAND / ACCESSWIRE / August 22, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q2 2024 results will be released on 28 August 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on 28 August 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add A
LONDON, UNITED KINGDOM / ACCESSWIRE / August 15, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that, in connection with the warrant granted to the investor in the Company's fundraising announced on 30 July 2024 ("Warrant"), applications have been made to the Financial Conduct Authority and London Stock Exchange for the block listing of 31,406,429 ordinary shares of £0.001 each in the capital of the Company ("Block Listing Shares") to be admitted to the Official List and to trading on the London Stock Exchange's Main Market ("Admission").The Block Listing Shares are being reserved under a block listing. The Block Listing Shares represen
Argo Blockchain plc("Argo" or "the Company")Full Repayment of $35 Million Galaxy Loan LONDON, UNITED KINGDOM / ACCESSWIRE / August 12, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce that it has fully repaid the remaining balance of the original loan extended by Galaxy Digital Holdings, Ltd. ("Galaxy") (GLXY) on 28 December 2022. Repayments of the $35 million loan began in May 2023. The loan balance as at June 30, 2024 was approximately $5.7 million.This Galaxy debt was repaid over four months ahead of the current schedule, and nearly 18 months ahead of the original repayment schedule. The early repayment reflects the Compan
LONDON, ENGLAND / ACCESSWIRE / August 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for July 2024.During the month of July, the Company mined 48 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day consistent with June 2024, which also averaged 1.5 BTC per day.Mining revenue in July 2024 amounted to $3.0 million consistent with the prior month (June 2024: $2.9 million). Mining margin for July 2024 was in the mid 20% range, lower than June as a result of the lower hash price realized in July compared to June. As at 31 July 2024, the Company held 11 BTC equivalent.This annou
H.C. Wainwright downgraded Argo Blockchain Plc from Buy to Neutral
Barclays downgraded Argo Blockchain Plc from Overweight to Equal Weight and set a new price target of $3.00 from $7.00 previously
Stifel initiated coverage of Argo Blockchain Plc with a rating of Hold and set a new price target of $11.00
Compass Point reiterated coverage of Argo Blockchain with a rating of Buy and set a new price target of $25.00 from $21.00 previously
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for June 2024. During the month of June, the Company mined 44 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day. This is consistent with May's production. Mining revenue in June 2024 amounted to $2.9 million (May 2024: $2.9 million). For the month of June, the Company has seen mining margins of approximately 30%. As at 30 June 2024, the Company held 11 BTC equivalent.
Argo Blockchain plc, (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining using predominantly renewable energy, announces the extension of its loan with Galaxy Digital Holdings Ltd. ("Galaxy") through to December 28, 2024. As of June 30, 2024, the remaining balance of the loan is $5.7 million, which has been reduced from the $35 million originally advanced in December 2022. With this further loan repayment, the Company expects reduced monthly interest expense on the loan from $440k in July 2023 to $78k in July 2024.
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HC Wainwright & Co. analyst Kevin Dede reiterates Argo Blockchain (NASDAQ:ARBK) with a Neutral.
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HC Wainwright & Co. analyst Kevin Dede reiterates Argo Blockchain (NASDAQ:ARBK) with a Neutral.
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Notice of Q3 2024 Results and Investor Presentation LONDON, UK / ACCESSWIRE / November 14, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q3 2024 results will be released on 20 November 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on 20 November 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add
Notice of Q2 2024 Results and Investor PresentationLONDON, ENGLAND / ACCESSWIRE / August 22, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q2 2024 results will be released on 28 August 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on 28 August 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add A
Q1 2024 Results (Unaudited) LONDON, UNITED KINGDOM / ACCESSWIRE / May 23, 2024 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce its unaudited financial results for the quarter ended 31 March 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated.Q1 2024 Financial Results● The Company ended the quarter with cash of $12.4 million and held 11 Bitcoin ("BTC") or Bitcoin Equivalent● Reduced debt by $12.4 million during the quarter, a 19% reduction of the December 31, 2023 balance● Revenue of $16.8 million, an increase of 4% compared to Q4 2023● Total BTC mined in the quarter was 319, or 3.5 BTC per day● Mining
LONDON, ENGLAND / ACCESSWIRE / May 16, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q1 2024 results will be released on Thursday, 23 May 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on Thursday, 23 May 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add Argo Blockchain via the following link: h
Notice of FY 2023 Results and Investor Presentation LONDON, UK / ACCESSWIRE / April 18, 2024 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's FY 2023 results will be released on Thursday, 25 April 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on Thursday, 25 April 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sig
Q3 2023 ResultsLONDON, UK / ACCESSWIRE / November 14, 2023 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its results for the quarter ended 30 September 2023.Financial Highlights ($USD)Accrued $4.4 million in power credits from economic curtailment at Helios during periods of high electricity prices, which led to an increase in mining margin from 36% in Q2 2023 to 58% in Q3 2023Decreased average direct cost per Bitcoin mined by 33% from $17,566 per Bitcoin in Q2 2023 to $11,736 per Bitcoin in Q3 2023Reduced recurring non-mining operating expenses by 11% in Q3 2023 compared to the prior quarterAchieved a
Notice of Q3 2023 Results and Investor PresentationLONDON, UK / ACCESSWIRE / October 9, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q3 2023 results will be released on Tuesday, 14 November 2023.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on Tuesday, 14 November 2023. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet
LONDON, UK / ACCESSWIRE / August 23, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB); (NASDAQ:ARBK), announces that the Company's Q2 2023 results will be released on Tuesday, 29 August 2023.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on Tuesday, 29 August 2023. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add Argo Blockchain via the following lin
Q1 2023 Results (Unaudited)LONDON, UK / ACCESSWIRE / June 6, 2023 / Argo Blockchain plc (LSE:ARB); (NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce its unaudited financial results for the quarter ended 31 March 2023. All $ amounts are in United States Dollars ("USD") unless otherwise stated.Q1 2023 Financial Results● The Company ended the quarter with $14.2 million of cash on its balance sheet, along with 85 Bitcoin or Bitcoin Equivalent (together, "BTC") in its HODL● Revenue of $11.4 million, an increase of 15% compared to Q4 2022● Net loss of $8.7 million● Adjusted EBITDA of $1.6 million● Total BTC mined in the quarter was 491, or 5.3 BTC per day● Mining marg
Notice of Q1 2023 Results and Investor PresentationLONDON, UK / ACCESSWIRE / June 1, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q1 2023 results will be released on Tuesday, 6 June 2023.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on Tuesday, 6 June 2023. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and a
LONDON, UK / ACCESSWIRE / April 25, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its audited results for the year ended 31 December 2023.HighlightsTotal number of Bitcoin mined during 2023 was 1,760, or 4.8 Bitcoin per day.Revenues of $50.6 million, a decrease of 14% from 2022, driven primarily by a significant increase in the global hashrate and associated network difficulty level.Increased hashrate by approximately 0.3 EH/s with the deployment of ePIC BlockMiners at the Company's Quebec facilities.Reduced non-mining operating costs by 58% in 2023 compared to the prior year.Generated $7.2 million of power credits through
Appointment of Chief Executive Officer and PDMR NotificationLONDON, ENGLAND / ACCESSWIRE / November 27, 2023 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce that it has appointed Thomas Chippas as Chief Executive Officer and Director with immediate effect.Thomas Chippas, most recently the Chief Executive Officer of CBOE Digital and a former member of its Board of Directors, is a New York-based executive with significant experience in digital assets, technology and financial services. He has previously held the positions of Chief Executive Officer of Citadel Technology LLC, Chief Operating Officer of Axon
Appointment of Chief Financial Officer & March Operational UpdateLONDON, UK / ACCESSWIRE / April 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce the appointment of Jim MacCallum as Chief Financial Officer. He will start in the position on 5 April 2023. Mr. MacCallum is not a statutory director of the Company.Mr. MacCallum is a Certified Public Accountant and a Chartered Financial Analyst, bringing over thirty years of experience across various roles in finance and accounting. He currently serves as Chief Financial Officer of East Side Games Group Inc (TSX:EAGR), a publicly-traded mobile game platform technology company ba
LONDON, UK / ACCESSWIRE / April 8, 2022 / Argo Blockchain plc, ("Argo" or "the Company") a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for March 2022.Operational UpdateDuring the month of March, Argo mined 163 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 135 BTC in February 2022.Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to £5.22 million [$6.92 million*] (February 2022: £4.15 million [$5.58 million*]).Argo generated this income at a Bitcoin and Bitcoin Equivalent Mining Margin of approximately 74% for the month of March (February 2022:
TORONTO, April 1, 2022 /CNW/ - CareRx Corporation ("CareRx" or the "Company") (TSX:CRRX), Canada's leading provider of pharmacy services to seniors living and other congregate care communities, announced today that Maria Perrella, CPA, has been appointed as an independent member of the Company's Board of Directors. Ms. Perrella will also assume the role of Audit Committee Chair. Ms. Perrella is an accomplished business leader with more than 30 years of experience in finance, accounting and business strategy with both private and publicly traded companies. Most recently, she was Chief Financial Officer at MDA Ltd., and prior thereto served as Chief Financial Officer with ATS Automation System
LONDON, UK / ACCESSWIRE / March 7, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for February 2022.During the month of February, Argo mined 135 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 172 BTC in January 2022. This reduction of BTC mined during February is primarily due to record high global hashrate and subsequent network difficulty increase. Additionally, the Company's facilities in Mirabel and Baie Comeau, Quebec were subject to significant curtailment due to cold winter conditions, as were the Company's hosted machines at Core Scientific's facility in North Dakota. This
LONDON, UK / ACCESSWIRE / February 24, 2022 / Argo Blockchain PLC ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB), is pleased to announce the appointment of Raghav Chopra as an independent non-executive director effective as of 23 February 2022.Raghav Chopra is a digital assets and technology investor with over fifteen years of experience in these sectors. He was most recently a Portfolio Manager for AllianceBernstein LP, and has a decade of experience in managing a significant and wide range of technology investments at leading hedge funds. Prior to that, Mr. Chopra was an Associate in private equity at The Carlyle Group and an Analyst in investment banking at
Division focused on investing in and supporting the disruptive and innovative sectors of the crypto ecosystem Argo Blockchain Plc ((LSE: ARB, NASDAQ:ARBK), ("Argo" or the "Company"), a global leader in cryptocurrency mining, is pleased to announce an update on Argo Labs, its in-house innovation arm participating in the disruptive and innovative sectors of the crypto ecosystem while supporting the decentralization of various blockchain protocols. Argo has allocated approximately 10% of the Company's crypto assets in its "HODL" to Argo Labs. Coinciding with this update, the Company is pleased to announce the appointment of Vakeesan Mahalingam, CFA, as Head of Argo Labs. Peter Wall, Chief E
LONDON, UK / ACCESSWIRE / January 19, 2022 / Argo Blockchain Plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce an update on Argo Labs, its in-house innovation arm established to identify opportunities within the disruptive and innovative sectors of the cryptocurrency ecosystem while supporting the decentralization of various blockchain protocols. Argo has allocated approximately 10% of the Company's crypto assets in its "HODL" to Argo Labs.Argo Labs is primarily focused on two key areas: network participation and strategic diversification through the efficient deployment of the Company's crypto treasury assets. Network participation consists of prov