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Argo Blockchain
(OTC:ARB)
Argo Blockchain (ARB) vs. iShares MSCI United Kingdom ETF (EWC)
Argo Blockchain Business Overview & Revenue Model
Argo Blockchain Earnings Call Summary
Argo Blockchain Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.52M | 57.72M | 58.58M | 98.75M | 25.84M |
| Gross Profit | 1.46M | 3.10M | 11.36M | 69.22M | 5.34M |
| EBITDA | -33.04M | -2.95M | -189.03M | 68.65M | 10.39M |
| Net Income | -55.10M | -34.64M | -228.96M | 39.07M | 1.97M |
Balance Sheet | |||||
| Total Assets | 19.26M | 75.94M | 110.23M | 388.15M | 44.49M |
| Cash, Cash Equivalents and Short-Term Investments | 8.63M | 7.83M | 20.54M | 124.88M | 9.12M |
| Total Debt | 40.16M | 62.52M | 75.88M | 72.94M | 10.22M |
| Total Liabilities | 48.74M | 75.78M | 85.66M | 115.88M | 11.33M |
| Stockholders Equity | -29.48M | 158.00K | 24.58M | 272.27M | 33.15M |
Cash Flow | |||||
| Free Cash Flow | -44.80M | -49.07M | -209.28M | -225.20M | 970.33K |
| Operating Cash Flow | -44.80M | -47.96M | -101.24M | -37.02M | 3.43M |
| Investing Cash Flow | 55.07M | 50.80M | 17.32M | -183.07M | ― |
| Financing Cash Flow | -9.32M | -15.78M | 84.18M | 233.06M | 579.20K |
Argo Blockchain Technical Analysis
Argo Blockchain Peers Comparison
Argo Blockchain Corporate Events
Argo Blockchain plc has announced a restructuring plan under Part 26A of the Companies Act 2006, with a focus on engaging retail holders of its notes and shares through an online town hall meeting. The meeting aims to provide a platform for stakeholders to ask questions and express views on the restructuring plan, which is structured to utilize exemptions under the U.S. Securities Act of 1933. The plan’s timeline includes several key meetings in December, with the goal of addressing operational and financial challenges while maintaining its Nasdaq listing.
Argo Blockchain plc has received approval from the High Court of Justice in London to convene meetings with creditors and members regarding its proposed restructuring plan. The plan aims to stabilize the company’s financial position through a comprehensive recapitalization, addressing secured and unsecured liabilities, and positioning Argo for sustainable growth. Key elements include converting secured debt into equity, exchanging senior notes for shares, and delisting from the London Stock Exchange while maintaining its Nasdaq listing. The restructuring is critical due to Argo’s constrained liquidity and ongoing tax reassessments in Canada, with the plan expected to prevent insolvency and ensure fair allocation of resources among stakeholders.
Argo Blockchain has initiated a restructuring plan under Part 26A of the Companies Act 2006, filing necessary documents with the High Court of Justice in London. This plan is designed to allow the company to utilize exemptions under the U.S. Securities Act of 1933 for securities expected to be issued. This restructuring could impact Argo’s operations by potentially stabilizing its financial structure and enhancing its market position, providing reassurance to stakeholders about the company’s strategic direction.
Argo Blockchain has filed a claim form with the High Court of Justice in London to seek permission for convening meetings with certain creditors and members regarding its restructuring plan. This plan aims to recapitalize the company under Part 26A of the Companies Act 2006, with key dates set for November and December 2025. The restructuring is structured to utilize exemptions under the U.S. Securities Act, potentially impacting the company’s financial stability and market positioning.
Argo Blockchain has announced its intention to delist from the London Stock Exchange as part of a broader restructuring plan. The company aims to recapitalize by reallocating equity, with Growler Mining holding 87.5% and bondholders receiving 10%, leaving existing shareholders with a diluted 2.5% stake. The delisting will remove Argo from the regulatory and financial reporting requirements of the London Stock Exchange, though it will maintain its Nasdaq listing. This move could have significant implications for shareholders, including changes in trading, regulatory protections, and potential tax consequences.
Argo Blockchain Plc is a blockchain technology company specializing in large-scale cryptocurrency mining, with operations powered by renewable energy across the US, Canada, and the UK. In its interim half-year results for 2025, Argo Blockchain reported a significant decline in revenues to $6.3 million from $29.3 million in the same period last year, primarily due to machine refurbishment and relocation. The company mined 65 Bitcoins in the first half of 2025, down from 442 in the previous year, and reported a net loss of $8.1 million, an improvement from the $38 million loss in H1 2024. Key financial metrics highlight a reduced mining margin of $1.2 million or 18%, compared to $11.5 million or 39% in H1 2024. The company has entered into a Restructuring Support Agreement with Growler Mining to address its financial indebtedness and has initiated a recapitalization plan. Argo’s management remains optimistic about strengthening its financial foundation through this restructuring, aiming to position the company for future opportunities in the cryptocurrency mining sector.
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.
Argo Blockchain has promoted Charlotte Proctor-Worrall to Chief Financial Officer, recognizing her contributions to strengthening the company’s financial operations and her role in strategic transactions. Additionally, Argo received approval from Nasdaq to continue its listing, contingent on meeting compliance requirements by January 2026, as part of its recapitalization process with Growler Mining.
Argo Blockchain has entered into an amended restructuring agreement and loan with Growler Mining to support its Recapitalization Plan, aimed at preserving operations and maximizing stakeholder value. The plan involves a significant equity interest for Growler, potential dilution for current shareholders, and a court-sanctioned process to avoid insolvency, highlighting the company’s strategic efforts to stabilize its financial position.
Argo Blockchain has announced updates on its proposed recapitalization plan, which aims to address its short and medium-term capital needs. The plan involves negotiations with Growler Mining for a senior secured loan, which could result in Growler acquiring a significant shareholding in Argo. The plan’s implementation is subject to court sanction and shareholder approval, with potential implications for current equity holders and bondholders. If the plan is not approved, Argo may consider alternative solutions, including insolvency processes.