Argo Blockchain PLC

Argo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. It mines using purpose-built computers to solve cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company was founded in 2017 and is headquartered in London, the United Kingdom.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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LONDON, ENGLAND / ACCESSWIRE / May 9, 2022 / Argo Blockchain PLC Operational Update Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for April 2022. During the month of April, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 163 BTC in March 2022.

Argo Blockchain PLC Announces April 2022 Operational Update

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) said cryptocurrency mining will begin next week at its new Helios mining facility as it is now connected up to the electricity grid. An inauguration ceremony will take place today at the facility in Dickens County, Texas, the company said, after the site was energised with 200 megawatts (MW) of power.

Argo Blockchain to begin Bitcoin mining at new Helios facility next week

Argo Blockchain shares rally on opening of Texas mining facility

LONDON, UK / ACCESSWIRE / May 5, 2022 / Argo Blockchain plc, ("Argo") a global leader in cryptocurrency mining (LSE:ARB) (NASDAQ:ARBK), is pleased to announce that its flagship mining facility, Helios, has been energized. Additionally, an inauguration ceremony will take place today at the facility in Dickens County, Texas, and mining operations are expected to commence next week.

Argo Blockchain PLC Announces Energization & Official Opening of Helios Facility

Argo Blockchain subsidiary Argo Helios has arranged US$70.6mln of additional loans to buy digital equipment for its new bitcoin mining facility in Dickens County, Texas. NYDIG ABL, part of New York Digital Investment Group, is lending Argo the money, which carries a rate of interest at 12% and is secured against the equipment bought with repayments to start from May 2024.

Argo Blockchain tops up loan for Texas bitcoin mining facility

LONDON, UK / ACCESSWIRE / May 4, 2022 / Argo Blockchain PLC ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that Argo Helios LLC ("Argo Helios"), a wholly owned subsidiary of Argo Blockchain plc, has entered into additional loans under Argo's equipment financing agreement (the "Financing Agreement") with NYDIG ABL LLC ("NYDIG"), a wholly owned subsidiary of New York Digital Investment Group LLC. As part of the additional financing, NYDIG will loan Argo Helios an aggregate principal amount of up to $70.60 million (£56.3 million)*, subject to customary drawdown conditions, to recapitalize the purchase of digital asset mining equipment (the "Financed Equipment") for the Company's flagship cryptocurrency mining facility, Helios, in Dickens County, Texas.

Argo Blockchain PLC Announces Additional Equipment Financing from NYDIG

Argo Blockchain plc (NASDAQ:ARBK ) Q4 2021 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Peter Wall - Chief Executive Officer Alex Appleton - Chief Financial Officer Tom Divine - Vice President, Investor Relations Conference Call Participants Operator Good afternoon and welcome to the Argo Blockchain Full Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode.

Argo Blockchain plc (ARBK) CEO Peter Wall on Q4 2021 Results - Earnings Call Transcript

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) reported a near sevenfold surge in earnings last year and said it expects to more than triple its Bitcoin mining capacity in the coming year as mining operations begin next month at its new Helios mining facility in Texas. Announcing results for the 2021 calendar year, in which it expanded its mining capacity from 0.6 Exahash per second (EH/s) to 1.6 EH, the cryptocurrency miner said it expects to achieve 5.5 EH/s of hashrate capacity by the end of 2022.

Argo Blockchain earnings soar in 2021, expects mining capacity to triple in 2022

LONDON, UK / ACCESSWIRE / April 27, 2022 / 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 2021. Financial highlights Revenue increased by 291% to £74.2 million [$100.1 million] (2020: £19.0 million [$25.6 million]), driven by a significant increase in Argo's hashrate, the temporary drop in difficulty on the Bitcoin network, and higher Bitcoin prices in 2021 Mining margin* was 84% (2020: 41%); this was driven largely by an increase in the price of Bitcoin throughout 2021 and the drop in global hashrate following the Chinese ban on Bitcoin mining in May 2021 Achieved EBITDA* of £52.9 million [$71.4 million] in 2021 compared with EBITDA* of £7.6 million [$10.3 million] in 2020, a 594% increase Delivered net income of £30.8m [$41.5 million], a 2,033% increase over the prior year (2020: £1.4 million [$1.9 million]) Cash and digital assets held as at 31 December 2021 amounted to £92.6 million [$124.9 million] based on the Bitcoin price at that time Total number of Bitcoin mined was 2,045 in 2021, 17% lower than in 2020; this decrease is largely attributable to the halving event that occurred in May 2020 which reduced the block award from 12.5 to 6.25 Bitcoin per block As at 31 March 2022, the Group held 2,700 Bitcoin and Bitcoin Equivalents valued at £93.6 million [$122.9 million] based on the Bitcoin price at that time *See Non-IFRS reconciliation.

Argo Blockchain plc Announces 2021 Full Year Results

Notice of 2021 Full Year Results and Investor Presentation LONDON, UK / ACCESSWIRE / April 25, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's 2021 full year results will be released after the close of trading on Nasdaq on Wednesday, 27 April 2022. Argo will host a conference call to discuss its results at 08:00 ET / 12:00 GMT on Thursday, 28 April 2022.

Argo Blockchain PLC Announces Notice of 2021 Full Year Results

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Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) announced the appointment of a new chief operating officer after a month when its bitcoin mining output increased. New COO Seif El-Bakly brings over 16 years' experience in the capital markets and trading sectors, most recently after founding social fintech WITH.

Argo Blockchain appoints operations chief, mining revenue increases

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 Update During the month of March, Argo mined 163 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 135 BTC in February 2022.

Argo Blockchain PLC Announces March 2022 Operational Update

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Fleet Swap Agreement with Core Scientific for S19J Pro machines LONDON, UK / ACCESSWIRE / March 14, 2022 / Argo Blockchain plc, ("Argo") a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce it has signed a fleet swap agreement with Core Scientific, Inc. ("Core" CORZ). The agreement exchanges Argo's Bitmain Antminer S19 series bitcoin mining fleet hosted at Core for S19J Pro bitcoin miners previously ordered by Core to be delivered directly to Argo's new Helios facility.

Argo Blockchain PLC Announces Fleet Swap Agreement with Core Scientific

LONDON, UK / ACCESSWIRE / March 11, 2022 / Argo Blockchain Plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), announces that Peter Wall, Argo's Chief Executive Officer, will be presenting at the following investor conferences in March 2022. Roth Capital Partners: 34th Annual Roth Conference on Monday 14 March 2022.

Argo Blockchain PLC Announces Investor Conferences

LONDON, UK / ACCESSWIRE / March 10, 2022 / Argo Blockchain PLC ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB) (NASDAQ:ARBK), announces that Argo Helios LLC ("Argo Helios"), a wholly owned Delaware-registered subsidiary of Argo Blockchain plc, has entered into an equipment financing agreement (the "Financing Agreement") with NYDIG ABL LLC ("NYDIG"), a wholly owned subsidiary of New York Digital Investment Group LLC. As part of the Financing Agreement, NYDIG has loaned Argo Helios an aggregate principal amount of $26.66 million (£20.23 million)* to recapitalize the purchase of electrical infrastructure equipment (the "Financed Equipment") for the Company's flagship cryptocurrency mining facility, Helios, in Dickens County, Texas.

Argo Blockchain PLC Announces Equipment Financing Agreement with NYDIG

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.

Argo Blockchain PLC Announces February 2022 Operational Update

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.

Argo Blockchain PLC Announces Board Announcement

Senior Notes Mature 11/30/26 Yielding 9.5% with a 10.9% YTM. My analysis on current business model suggests Argo needs just $14K BTC price to cover interest payments with current mining business.

ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), the cryptocurrency miner, said it mined 172 Bitcoin or Bitcoin equivalent (BTC) in January. This was down from 214 BTC mined in December, largely because of an increase in network difficulty.

Argo Blockchain lays the foundations for 2022 growth strategy

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Bitcoin miner Argo Blockchain PLC (NASDAQ:ARBK) has started a non-mining business unit, Argo Labs, to diversify its business and take advantage of other opportunities in the blockchain ecosystem, CoinDesk reports. "We've always felt that the blockchain space has more potential than just mining," said Argo CEO Peter Wall in an interview with CoinDesk, adding the new business unit will be "an in-house innovation arm" for the company.

Argo Blockchain Shares Gain On News Of Diversification

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) said it has allocated 10% of its crypto assets to its in-house innovation arm, Argo Labs, and made an appointment to lead the division where activities include investing in new crypto innovations, NFTs and the metaverse. The cryptocurrency miner said Argo Labs was established to identify opportunities within the “disruptive and innovative” corners of the cryptocurrency ecosystem while “supporting the decentralization of various blockchain protocols”.

Argo Blockchain funds innovations division to explore DeFi, NFTs and the metaverse

The following amendments have been made to the December 2021 Operational Update announcement released by Argo Blockchain Plc on 7 January 2022 at 07:00. The figure for "Gross (loss)" for "Month ended 30 November 2021" of "USD $1,108,192" has been replaced by "USD $1,496,606".

News for Argo Blockchain PLC Stock (ARBK)