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Argo Blockchain ( (GB:ARB) ) has provided an update.
Argo Blockchain reported a significant drop in revenue for the first half of 2025, with earnings falling from $29.3 million in H1 2024 to $6.3 million due to machine refurbishment and relocation. The company mined only 65 Bitcoins compared to 442 in the previous year. Despite a net loss of $8.1 million, this was an improvement from the $38 million loss in H1 2024. Argo has entered a Restructuring Support Agreement with Growler Mining to recapitalize its financial indebtedness, aiming to strengthen its foundation for future opportunities. The company has also secured a multi-draw term loan facility to support liquidity during this restructuring process.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focused on large-scale cryptocurrency mining. With operations in Quebec and Texas, and offices in the US, Canada, and the UK, Argo’s global operations are predominantly powered by renewable energy. The company is recognized as the first climate-positive cryptocurrency mining company and a signatory to the Crypto Climate Accord.
Average Trading Volume: 6,031,667
Technical Sentiment Signal: Sell
Current Market Cap: £12.73M
For an in-depth examination of ARB stock, go to TipRanks’ Overview page.