Argo Blockchain

OverviewSuggest Edit

Argo Blockchain is a blockchain technology company that provides a platform for cryptocurrency mining operations. It uses specialized mining machines to solve cryptographic math problems necessary to record and “publish” cryptocurrency transactions to blockchain ledgers. The company also operates Argo Labs that focus on investing and participating in software and other technology development in the wider cryptocurrency and blockchain sectors.
TypePublic
Founded2017
HQLondon, GB
Websiteargoblockchain.com

Latest Updates

Employees (est.) (Dec 2021)39(+550%)
Revenue (FY, 2021)£74.2 M(+292%)
Share Price (Jun 2022)$3.8(-8%)
Cybersecurity ratingAMore
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Key People/Management at Argo Blockchain

Peter Wall

Peter Wall

CEO
Sebastien Chalus

Sebastien Chalus

CSO
Perry Hothi

Perry Hothi

CTO
Alex Appleton

Alex Appleton

CFO
Justin Nolan

Justin Nolan

VP of Business Development
Davis Zapffe

Davis Zapffe

General Counsel
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Argo Blockchain Office Locations

Argo Blockchain has offices in London, Baie-Comeau, Gatineau and Mirabel
London, GB (HQ)
9th Floor, 16 Great Queen St
Show all (4)

Argo Blockchain Financials and Metrics

Argo Blockchain Revenue

Argo Blockchain's revenue was reported to be £74.2 m in FY, 2021
GBP

Revenue (FY, 2021)

74.2m

Gross profit (FY, 2021)

55.6m

Net income (FY, 2021)

30.8m

EBITDA (FY, 2021)

44.1m

EBIT (FY, 2021)

43.4m

Market capitalization (17-Jun-2022)

176.0m

Closing stock price (17-Jun-2022)

3.8

Cash (31-Dec-2021)

11.8m

EV

218.3m
Argo Blockchain's current market capitalization is $176 m.
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

765.0k8.6m19.0m74.2m

Cost of goods sold

(756.0k)(5.4m)(11.2m)(22.2m)

Gross profit

9.0k3.2m10.3m55.6m

R&D expense

(20.0k)
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Cash

16.4m161.0k2.1m11.8m

Prepaid Expenses

536.0k1.8m1.4m63.4m
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(4.1m)(834.0k)1.6m39.3m

Depreciation and Amortization

488.0k2.2m6.0m11.5m

Accounts Payable

218.0k2.7m(2.1m)12.3m
GBPFY, 2018

Revenue/Employee

85.0k
Show all financial metrics

Argo Blockchain Revenue Breakdown

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Argo Blockchain revenue breakdown by business segment: 50.0% from MINING CRYPTOCURRENCY and 50.0% from DATACENTRE MANAGEMENT

Argo Blockchain Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Argo Blockchain Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Argo Blockchain Online and Social Media Presence

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Argo Blockchain News and Updates

Argo Blockchain to Build Intel-Based Bitcoin Mining Rigs With ePIC Blockchain

The partnership is an extension of a 2021 deal in which Argo agreed to buy $8 million worth of ePIC's miners.

Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake

The firm said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.

Bitcoin Miner Argo Blockchain 'Leans Toward' Designing Custom Miners With Intel Chips

Custom bitcoin mining rigs will allow miners to design their own machines, instead of having to settle for ready-made ones from a duopoly of manufacturers.

Argo Blockchain to Open Flagship Texas Mining Facility Next Week; Shares Rise

Argo shares jumped 12% on the London Stock Exchange.

Dow Jones Newswires: Argo Blockchain shares rally on opening of Texas mining facility

Shares in Argo Blockchain PLC rose 12% on Thursday after the company said that it has opened its flagship Helios mining facility in Texas.

Argo Blockchain Borrows $70M From NYDIG to Buy Mining Rigs

The loan brings Argo's debt to build out its 200 MW Helios facility in Texas to $97.2 million.
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Argo Blockchain Frequently Asked Questions

  • When was Argo Blockchain founded?

    Argo Blockchain was founded in 2017.

  • Who are Argo Blockchain key executives?

    Argo Blockchain's key executives are Peter Wall, Sebastien Chalus and Perry Hothi.

  • How many employees does Argo Blockchain have?

    Argo Blockchain has 39 employees.

  • What is Argo Blockchain revenue?

    Latest Argo Blockchain annual revenue is £74.2 m.

  • What is Argo Blockchain revenue per employee?

    Latest Argo Blockchain revenue per employee is £1.9 m.

  • Who are Argo Blockchain competitors?

    Competitors of Argo Blockchain include Context app, Coinbooks and GoCharting.

  • Where is Argo Blockchain headquarters?

    Argo Blockchain headquarters is located at 9th Floor, 16 Great Queen St, London.

  • Where are Argo Blockchain offices?

    Argo Blockchain has offices in London, Baie-Comeau, Gatineau and Mirabel.

  • How many offices does Argo Blockchain have?

    Argo Blockchain has 4 offices.