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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In a surprising turn of events, Argo Blockchain PLC (LSE: ARB) witnessed a substantial price drop in its shares today following the announcement of the departure of its Chief Operating Officer (COO). The company, known for its global leadership in cryptocurrency mining, disclosed this significant change in its management, impacting investor sentiment.

Argo Blockchain shares drop on news of COO departure

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares fell over 16% on Monday morning following a £7.8 million equity round. New shares were issued at 20.5p to institutional investors, marking a 24% discount to the previous closing price *though only a 1% discount on a volume-weighted 30-day basis).

Argo Blockchain shares sent lower following £7.8mln equity round

LONDON, ENGLAND / ACCESSWIRE / January 8, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce it has raised, subject to Admission, gross proceeds of £7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of £0.001 each in the Company ("Ordinary Shares") at a price per share of £0.205 to certain institutional investors (the "Placing"). The Placing price represents a discount of approximately 1 per cent to the 30 trading day VWAP of the Company's existing ordinary shares for the period ended on 5 January 2024, and a discount of approximately 24 per cent to the closing mid-price of the Company's ordinary shares on 5 January 2024.

Argo Blockchain PLC Announces £7.8 million ($9.9 million) Placing

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LONDON, ENGLAND / ACCESSWIRE / January 8, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for December 2023. During the month of December, the Company mined 155 Bitcoin, or 5.0 Bitcoin per day.

Argo Blockchain PLC Announces December Update/Management Change/Share Allotment

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Over the festive season, as the world welcomed Christmas and New Year's, conversations likely gravitated toward Bitcoin and cryptocurrencies, as the popular digital currency has surged higher in recent months. Much like how Memorial Day and Labor Day weekends set the stage for engaging discussions earlier in the previous year surrounding Artificial Intelligence (AI), the resurgence of Bitcoin and the allure of the broader cryptocurrency market continue to captivate investors.

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LONDON, ENGLAND / ACCESSWIRE / December 15, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that it has issued 1,638,305 new ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") pursuant to the terms of previously granted Restricted Share Units. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application has been made for the new Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC ("Admission").

Argo Blockchain PLC Announces Allotment of New Shares

Argo Blockchain (LON: ARB) share price had its best day since November 9th as Bitcoin price continued its recovery. The stock surged to a high of 10.50p on Monday, much higher than last month's low of $7.50.

Argo Blockchain share price analysis: could soon spike by 93%

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares added 15% in early Monday trades following the London-listed bitcoin mining group's November operational update. Soaring bitcoin prices caused Argo's mining revenues to surge 25% month on month, while daily mining production increased by 5%.

Argo Blockchain sent higher following bullish operational update

November Operational Update LONDON, ENGLAND / ACESSWIRE / December 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for November 2023. During the month of November, the Company mined 145 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day.

Argo Blockchain PLC Announces November Monthly Operational Update

Appointment of Chief Executive Officer and PDMR Notification LONDON, 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.

Argo Blockchain PLC Announces Appointment of CEO and PDMR Notification

Argo Blockchain plc (NASDAQ:ARBK ) Q3 2023 Results Conference Call November 14, 2023 10:00 AM ET Company Participants Tom Divine - VP, IR Seif El-Bakly - Interim Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, and welcome to the Argo Blockchain plc Q3 Update Investor Presentation. Throughout this recorded presentation investors will be in listen-only mode.

Argo Blockchain plc (ARBK) Q3 2023 Earnings Call Transcript

Argo Blockchain plc (ARBKF) Q3 2023 Earnings Call Transcript

Q3 2023 Results LONDON, 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 2023 Decreased average direct cost per Bitcoin mined by 33% from $17,566 per Bitcoin in Q2 2023 to $11,736 per Bitcoin in Q3 2023 Reduced recurring non-mining operating expenses by 11% in Q3 2023 compared to the prior quarter Achieved a positive Adjusted EBITDA of $3.1 million for the quarter (Adjusted EBITDA of $5.4 million for the nine month period ending 30 September 2023) Mined a total of 370 Bitcoin and Bitcoin Equivalents (together, "BTC") during the quarter and generated $10.4 million of revenue Reduced debt owed to Galaxy Digital from $32 million to $27 million and ended the quarter with $70 million of debt outstanding Recorded a one-time non-cash charge of $1.2 million related to prior period sales taxes owed to the Canadian tax authorities based on new tax regulations Net loss was $9.9 million for Q3 2023 The Company ended September 2023 with $8.0 million of cash and 32 BTC on its balance sheet.

Argo Blockchain PLC Announces Q3 2023 Results

Argo Blockchain (LON: ARB) share price has underperformed other Bitcoin mining stocks as concerns about its future continue. The stock was trading at 8.85p on Monday, about 58% below the highest point this year.

Argo Blockchain lags other Bitcoin mining stocks ahead of earnings

Notice of Q3 2023 Results and Investor Presentation LONDON, 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.

Argo Blockchain PLC Announces Notice of Q3 2023 Results

September Operational Update LONDON, UK / ACCESSWIRE / October 5, 2023 / 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 September 2023. During the month of September, the Company mined 136 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.5 BTC per day, and accrued significant power credits from economic curtailment.

Argo Blockchain PLC Announces September Operational Update

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While the allure of cryptocurrency investments has undoubtedly captivated the market's attention, it's perhaps wise for investors to consider blockchain stocks to sell. This is not a call made in isolation.

Ticking Time Bombs: 3 Blockchain Stocks to Dump Before the Damage Is Done

LONDON, UK / ACCESSWIRE / September 8, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for August 2023. During the month of August, the Company mined 105 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 3.4 BTC per day.

Argo Blockchain PLC Announces August Operational Update

Argo Blockchain plc (NASDAQ:ARBK ) Q2 2023 Results Conference Call August 29, 2023 10:00 AM ET Company Participants Tom Divine - VP, IR Seif El-Bakly - Interim CEO Jim MacCallum - CFO Conference Call Participants [Call Starts Abruptly] Throughout this recorded presentation, investors will be in a listen-only mode. Questions are encouraged and can be submitted at any time using the Q&A tab situated on the right hand corner of your screen, simply type in your questions and press send.

Argo Blockchain plc (ARBK) Q2 2023 Earnings Call Transcript

Argo Blockchain plc (OTCPK:ARBKF) Q2 2023 Results Conference Call August 29, 2023 10:00 AM ET Company Participants Tom Divine - VP, IR Seif El-Bakly - Interim CEO Jim MacCallum - CFO Conference Call Participants [Call Starts Abruptly] Throughout this recorded presentation, investors will be in a listen-only mode. Questions are encouraged and can be submitted at any time using the Q&A tab situated on the right hand corner of your screen, simply type in your questions and press send.

Argo Blockchain plc (ARBKF) Q2 2023 Earnings Call Transcript

LONDON, UK / ACCESSWIRE / August 29, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its results for the six months to 30 June 2023. Highlights Reduced non-mining operating costs and expenses by 21% in Q2 2023 compared to the prior quarter, resulting in a positive Adjusted EBITDA of $1.0 million for the quarter (Adjusted EBITDA of $2.3 million for H1 2023) Reduced debt by $4 million during the quarter to $75 million as of 30 June 2023, a $68 million reduction from $143 million at 30 June 2022 Total number of Bitcoin and Bitcoin Equivalent ("BTC") mined during H1 2023 was 947, a 1% increase over the BTC mined in H1 2022, despite a 78% increase in the global hashrate from 30 June 2022 to 30 June 2023 Revenues of $24.0 million for H1 2023, a decrease of 31% from H1 2022, driven primarily by a decrease in Bitcoin price and the increase in the global hashrate and associated network difficulty Net loss was $18.8 million for H1 2023, compared to a net loss of $39.6 million in H1 2022 The Company ended June 2023 with $9.1 million of cash and 46 Bitcoin or Bitcoin Equivalent (together, "BTC") on its balance sheet; post the period end, the Company raised $7.5 million in gross proceeds via a share placement in July 2023 Post-period highlights Increased total hashrate capacity to 2.6 EH/s with the deployment of 1,242 BlockMiner machines at its Quebec facilities Expect to deploy an additional 1,628 BlockMiners in the coming months, increasing the Company's total hashrate capacity to 2.8 EH/s In July 2023, the Company raised $7.5 million of gross proceeds via a share placement with institutional and retail investors in the UK; the Company used a portion of these proceeds to repay approximately $1.8 million in debt, and the Company's debt balance at the end of July 2023 was $72 million The Company is involved in advanced discussions to sell certain non-core assets, and it continues to evaluate options for further reducing debt Fixed Price Power Purchase Agreement at Helios During H1 2023, the Company achieved a mining margin of 42%, which is an increase from the mining margin in H2 2022 of 33%.

Argo Blockchain PLC - Announces Interim Half Year Results 2023

London-listed bitcoin miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has reported a modest growth in bitcoin and bitcoin equivalent mining output for the first half of 2023, with a total of 947 coins mined representing a 1% increase compared to the same period in 2022. Challenging macro conditions in the cryptocurrency sector stemmed further growth for the group.

Argo Blockchain reports modest growth in bitcoin mining output

Argo Blockchain PLC Announces Interim Half Year Results 2023

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.

Argo Blockchain PLC Announces Notice of Q2 2023 Results

LONDON, UK / ACCESSWIRE / August 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for July 2023. During the month of July, the Company mined 129 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.2 BTC per day.

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