Financial Services -
Financial - Capital Markets - NASDAQ - GB
$ 0.55
10.2 %
$ 3.5 M
Market Cap
-0.61
P/E
1. INTRINSIC VALUE
Balance Sheet
Argo Blockchain plc
| Current Assets | 14.9 M |
| Cash & Short-Term Investments | 7.83 M |
| Receivables | 0 |
| Other Current Assets | 7.1 M |
| Non-Current Assets | 77.1 M |
| Long-Term Investments | 15 K |
| PP&E | 59.2 M |
| Other Non-Current Assets | 17.9 M |
| Current Liabilities | 27.6 M |
| Accounts Payable | 2.34 M |
| Short-Term Debt | 14.3 M |
| Other Current Liabilities | 10.9 M |
| Non-Current Liabilities | 48.2 M |
| Long-Term Debt | 48.2 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Argo Blockchain plc
| Revenue | 73 M |
| Cost Of Revenue | 68.1 M |
| Gross Profit | 4.85 M |
| Operating Expenses | 29.4 M |
| Operating Income | -24.5 M |
| Other Expenses | 10.5 M |
| Net Income | -35 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Argo Blockchain plc
| Net Income | -35 M |
| Depreciation & Amortization | 25.4 M |
| Capital Expenditures | -1.11 M |
| Stock-Based Compensation | 4.92 M |
| Change in Working Capital | -111 K |
| Others | 8.61 M |
| Free Cash Flow | 2.72 M |
Wall Street Analysts Price Targets
Argo Blockchain plc
Wall Street analysts predict an average 1-year price target for ARBK of $3.83 , with forecasts ranging from
a
low of
$1 to a high of $10 .
ARBK Lowest Price Target
Wall Street Target
1 USD
81.82%
ARBK Average Price Target
Wall Street Target
3.83 USD
596.97%
ARBK Highest Price Target
Wall Street Target
10 USD
1718.18%
4. DIVIDEND
ANALYSIS
ARBK does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Argo Blockchain plc
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Argo CEO Change
LONDON, UK / ACCESS Newswire / January 21, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that Thomas Chippas is stepping down from his positions as Chief Executive Officer and Director effective 28 February 2025. Argo intends to engage an executive search firm to assist with the process of selecting a new Chief Executive Officer and will update the market in due course.
accessnewswire.com
- 1 week ago
Argo Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
LONDON, UNITED KINGDOM / ACCESS Newswire / January 17, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), announces today that it has received written notification (the "Notification Letter") from the Nasdaq Stock Market LLC Listing Qualifications Department ("Nasdaq") that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rule 5450(a)(1) since the closing bid price for the Company's American Depositary Shares ("ADS") listed on the Nasdaq Global Select Market was below $1.00 for 30 consecutive business days. In accordance with Listing Rule 5810(c)(3)(A), the Company has until 15 July 2025, to regain compliance with the minimum bid price requirement, during which time the ADSs are expected to continue to trade on the Nasdaq Global Select Market.
accessnewswire.com
- 2 weeks ago
Argo Blockchain PLC Announces December Operational Update
LONDON, UNITED KINGDOM / ACCESSWIRE / January 7, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) is pleased to provide the following operational update for December 2024. During the month of December, the Company mined 39 Bitcoin ("BTC"), or 1.3 BTC per day, consistent with November's production.
accesswire.com
- 3 weeks ago
Argo Blockchain PLC November Ops Update
LONDON, UK / ACCESSWIRE / December 4, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for November 2024. During the month of November, the Company mined 39 Bitcoin ("BTC"), or 1.3 BTC per day, a decrease from 46 mined in October 2024.
accesswire.com
- 1 month ago
Argo Blockchain PLC Announces Vesting of PSU Award PDMR Dealing
LONDON, ENGLAND / ACCESSWIRE / November 29, 2024 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, announces the vesting of Performance Share Units in respect of 2,375,000 Ordinary Shares of £0.001 ("Ordinary Shares") each on 27 November 2024. These shares were issued as part of Performance Share Unit awards previously granted to Thomas Chippas under the Company's 2022 Equity Incentive Plan.
accesswire.com
- 2 months ago
Argo Blockchain plc (ARBK) Q3 2024 Earnings Call Transcript
Argo Blockchain plc (NASDAQ:ARBK ) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET Company Participants Markella Zarifi - Financial Communications Representative Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, ladies and gentlemen, and welcome to the Argo Blockchain plc Q3 Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode.
seekingalpha.com
- 2 months ago
Argo Blockchain is focussing on its growth opportunities
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) chief executive Thomas Chippas told investors that management is keenly focussed on growth opportunities that play to its deep expertise. It comes as the cryptocurrency miner and financial technology developer reported its financial results for the third quarter of 2024, with revenue of $7.50 million for the quarter and $36.70 million for the nine months ended September 30.
proactiveinvestors.co.uk
- 2 months ago
Argo 3rd Quarter Results
LONDON, UNITED KINGDOM / ACCESSWIRE / November 20, 2024 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, announces its unaudited financial results for the quarter ended 30 September 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated Q3 2024 Financial Highlights: Revenue of $7.5 million and $36.7 million for the three and nine months ended 30 September 2024, respectively, compared to $10.4 million and $34.4 million for the prior year periods Total Bitcoin ("BTC") mined in the quarter was 123, or 1.3 BTC per day Mining margin percentage of 8% and 33% for the three and nine months ended 30 September 2024, respectively, compared to 58% and 47% for the prior year periods.
accesswire.com
- 2 months ago
Argo Blockchain PLC Announces Notice of Q3 Results
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.
accesswire.com
- 2 months ago
Argo Blockchain PLC Announces Baie Comeau and Helios Updates
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, positioning the Company to serve broader computing applications in data processing, AI, and other computationally intensive tasks.
accesswire.com
- 2 months ago
Argo Blockchain PLC Announces October Operational Update
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.
accesswire.com
- 2 months ago
Class action against Argo Blockchain dismissed in New York
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) has announced the dismissal of the class action lawsuit, Murphy vs. Argo Blockchain, which was filed in January 2023 in New York.
proactiveinvestors.co.uk
- 3 months ago
8. Profile
Summary
Argo Blockchain plc ARBK
COUNTRY
GB
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 3.5 M
Dividend Yield
0.00%
Description
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.
Contact
16 Great Queen Street, London, WC2B 5DG
https://www.argoblockchain.com
IPO
Date
Sept. 23, 2021
Employees
30
Officers
Ms. Alana Marks
Vice President of People & Culture
Mr. Thomas Joseph Chippas
Chief Executive Officer & Director
Mr. James Mckenzie MacCallum C.A., C.F.A., CPA
Chief Financial Officer
Mr. Sebastien Chalus
Chief Strategy Officer