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Argo Blockchain
(NASDAQ:ARBK)
Argo Blockchain (ARBK) vs. SPDR S&P 500 ETF (SPY)
Argo Blockchain Business Overview & Revenue Model
Argo Blockchain Earnings Call Summary
Argo Blockchain Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.05M | 48.52M | 57.72M | 58.58M | 98.75M | 25.84M |
| Gross Profit | -2.76M | 1.46M | 3.10M | 11.36M | 69.22M | 5.34M |
| EBITDA | -21.91M | -33.04M | -2.95M | -189.03M | 68.65M | 10.39M |
| Net Income | -36.69M | -55.10M | -34.64M | -228.96M | 39.07M | 1.97M |
Balance Sheet | ||||||
| Total Assets | 9.08M | 19.26M | 75.94M | 110.23M | 388.15M | 44.49M |
| Cash, Cash Equivalents and Short-Term Investments | 1.85M | 8.63M | 7.83M | 20.54M | 124.88M | 9.12M |
| Total Debt | 40.26M | 40.16M | 62.52M | 75.88M | 72.94M | 10.22M |
| Total Liabilities | 46.55M | 48.74M | 75.78M | 85.66M | 115.88M | 11.33M |
| Stockholders Equity | -37.47M | -29.48M | 158.00K | 24.58M | 272.27M | 33.15M |
Cash Flow | ||||||
| Free Cash Flow | -62.80M | -44.80M | -49.07M | -209.28M | -225.20M | 970.33K |
| Operating Cash Flow | -62.79M | -44.80M | -47.96M | -101.24M | -37.02M | 3.43M |
| Investing Cash Flow | 53.19M | 55.07M | 50.80M | 17.32M | -183.07M | ― |
| Financing Cash Flow | 5.93M | -9.32M | -15.78M | 84.18M | 233.06M | 579.20K |
Argo Blockchain Technical Analysis
Argo Blockchain Risk Analysis
Argo Blockchain Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $549.67M | 8.88 | 38.27% | ― | 29.96% | 66.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $6.12B | 49.73 | 5.24% | ― | 103.62% | 49.48% | |
64 Neutral | $734.74M | 6.06 | 22.44% | ― | 9.52% | 496.04% | |
45 Neutral | $25.75M | -7.40 | ― | ― | -3.52% | 83.39% | |
40 Underperform | $4.69M | -0.35 | ― | ― | -11.39% | 79.96% | |
39 Underperform | $7.74M | -0.02 | ― | ― | -13.86% | -32.19% |
Argo Blockchain Corporate Events
On 5 January 2026, Argo Blockchain plc was formally notified by Nasdaq that it had regained compliance with the exchange’s minimum bid price requirement and met all other criteria for continued listing on the Nasdaq Global Select Market. This resolution closes a previously disclosed listing issue and removes an element of regulatory and market overhang for the cryptocurrency miner, stabilising its position on a major US exchange and providing greater assurance to investors and other stakeholders regarding the company’s trading status.
The most recent analyst rating on (ARBK) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
On 30 December 2025, Argo Blockchain plc announced it has convened a general meeting for 15 January 2026 in London to vote on the reappointment of director Ralfe Hickman and to consider granting directors authority to allot securities without pre-emption rights, signaling potential future capital-raising flexibility. Following its delisting from the London Stock Exchange, the company also acknowledged that some shareholders have faced difficulties converting ordinary shares into American Depositary Shares and is offering contact details for a broker willing to assist, underscoring ongoing efforts to manage the transition for investors holding legacy London-listed stock.
The most recent analyst rating on (ARBK) stock is a Sell with a $4.50 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
On December 11, 2025, Argo Blockchain plc’s court-sanctioned restructuring plan under Part 26A of the UK Companies Act became effective and was implemented on December 15, 2025, resulting in a comprehensive balance sheet and ownership overhaul. Under the plan, Growler Mining Tuscaloosa, LLC exchanged a previously secured $7.7 million loan claim, transferred $23.8 million of cryptocurrency mining and related assets via its US subsidiary, and injected $3.5 million in cash, in return for 11,690,030 restricted ADSs representing 25.25 billion newly issued ordinary shares, giving Growler approximately 87.5% beneficial ownership and a board seat for its nominee Ralfe Hickman. The restructuring also converted Argo’s 8.75% senior notes due 2026 into equity, with noteholders receiving ADSs representing roughly 10% of the company’s ordinary shares and the notes set to be delisted from Nasdaq, while Argo’s ordinary shares were delisted from the London Stock Exchange and moved to a matched-bargain facility with JP Jenkins for six months. Following completion of the transactions, Argo reported that its stockholders’ equity is now substantially above $10 million, signaling a significant recapitalization intended to stabilize its financial position and preserve its cryptocurrency mining platform for stakeholders.
The most recent analyst rating on (ARBK) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
On December 16, 2025, Argo Blockchain plc announced the completion of its UK restructuring plan, marking a pivotal step in its strategic transformation. The restructuring plan, approved by the High Court of Justice, enhances Argo’s competitive position in the Bitcoin mining sector by increasing its hashrate capacity to 2.4 EH/s and expanding its self-mining operations in Alabama. The company has also diversified its mining portfolio with the deployment of 1,400 Z11 miners for Zcash mining, and strengthened its balance sheet by equitizing $40 million in senior notes. Additionally, Argo is pivoting towards artificial intelligence and high-performance computing to diversify revenue streams and leverage its infrastructure expertise, positioning itself for long-term growth.
The most recent analyst rating on (ARBK) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
On December 12, 2025, Argo Blockchain completed a significant change in the ratio of its ordinary shares to American Depositary Shares, adjusting it from 10:1 to 2,160:1. This adjustment coincides with the announcement by Nasdaq regarding the redemption and exchange of Argo’s 8.75% senior notes due in 2026, set to take effect on December 15, 2025. The redemption rate is set at 0.835001875 American Depositary Receipts per $25.00 in principal amount of notes, reflecting the new share ratio. These changes are part of Argo’s strategic financial restructuring, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (ARBK) stock is a Sell with a $0.17 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.
Argo Blockchain plc announced updates to its proposed restructuring plan under Part 26A of the Companies Act 2006, including a supplementary circular to the explanatory statement. The updates address questions raised during a convening hearing and provide new information regarding Nasdaq’s determinations, which do not classify the restructuring as a bankruptcy or business combination. The company also announced options for shareholders to convert ordinary shares into ADSs, subject to Nasdaq compliance, and detailed the tax implications of such conversions. Key meetings for the restructuring plan are scheduled for December 2, 2025, with voting forms due by November 28, 2025.
The most recent analyst rating on (ARBK) stock is a Sell with a $0.25 price target. To see the full list of analyst forecasts on Argo Blockchain stock, see the ARBK Stock Forecast page.