Financial RisksArgo faces various risks including debt burden, cryptocurrency volatility, and heavy reliance on third-party partners.
Operational ChallengesThe hosting agreement for Helios is ending in December 2024, which will significantly reduce Argo's hash rate capacity.
Revenue DeclineArgo's 3Q24 revenues decreased to $7.5M from $12.4M in 2Q24, and the number of bitcoins mined also dropped from 157 to 123.