Argo Blockchain
Financials
Estimates*
| GBP | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 11.3m | 25.8m | 100m | 57.3m | 43.7m | 49.2m | 94.8m |
| % growth | - | 129 % | 288 % | (43 %) | (24 %) | 13 % | 93 % |
| EBITDA | 2.6m | 10.7m | 72.4m | (54.9m) | 4.0m | - | - |
| % EBITDA margin | 23 % | 42 % | 72 % | (96 %) | 9 % | - | - |
| Profit | (1.1m) | 2.0m | 41.5m | (235m) | (26.5m) | - | - |
| % profit margin | (10 %) | 8 % | 41 % | (410 %) | (61 %) | - | - |
| R&D budget | <1m | <1m | - | <1m | - | - | - |
| R&D % of revenue | 1 % | - | - | - | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | Seed | |
| N/A | $32.0m Valuation: $61.0m | IPO | |
| N/A | $5.0m | Post IPO Equity | |
$20.0m | Post IPO Debt | ||
$25.0m | Post IPO Debt | ||
| N/A | £100m Valuation: £537m 20.8x EV/LTM Revenues 50.0x EV/LTM EBITDA | IPO | |
| N/A | $57.5m | Post IPO Debt | |
* | £56.3m | Post IPO Debt | |
* | N/A | £24.0m | Post IPO Equity |
* | £5.8m | Post IPO Equity | |
* | N/A | £8.0m | Post IPO Equity |
* | N/A | £6.5m | Private Placement VC |
| Total Funding | $8.6m | ||
Related Content
Recent News about Argo Blockchain
EditArgo Blockchain is a leading player in the cryptocurrency mining industry, specializing in Bitcoin mining. The company is notable for its commitment to using renewable energy sources, which sets it apart in an industry often criticized for its high energy consumption. Argo operates in the blockchain technology market, focusing on mining operations that support the Bitcoin network.
Argo Blockchain's mining operations are powered by approximately 115 megawatts (MW) of power capacity, sourced from locations in Texas and Quebec. This substantial power capacity allows Argo to achieve a hashrate of 2.7 exahashes per second (EH/s), placing it in the top tier of global Bitcoin mining operations. The hashrate is a measure of computational power used to mine and process transactions on the Bitcoin network.
The company primarily serves institutional investors and those interested in the cryptocurrency market. It does not offer retail-oriented applications or mining programs, and it will never solicit individuals to send money directly. Investors can participate in Argo Blockchain by purchasing its ordinary shares on the London Stock Exchange (LSE: ARB) or its American Depositary Shares (ADSs) and unsecured notes on the Nasdaq Stock Exchange (NASDAQ: ARBK).
Argo Blockchain's business model revolves around mining Bitcoin and earning rewards in the form of newly minted Bitcoin and transaction fees. The company then either holds these Bitcoins as assets or sells them on the open market to generate revenue. By leveraging renewable hydroelectric energy, Argo not only reduces its carbon footprint but also potentially lowers its operational costs, making its mining operations more sustainable and cost-effective.
In summary, Argo Blockchain is a prominent Bitcoin mining company that uses renewable energy to power its operations, serving institutional investors through publicly traded shares. It generates revenue by mining Bitcoin and selling it on the market.
Keywords: Bitcoin mining, renewable energy, blockchain technology, institutional investors, hashrate, hydroelectric power, Nasdaq, London Stock Exchange, cryptocurrency, sustainable operations.
