Argo Blockchain plc

Report azionario NasdaqCM:ARBK

Capitalizzazione di mercato: US$1.2m

Argo Blockchain Salute del bilancio

Criteri Salute finanziaria verificati 2/6

Argo Blockchain ha un patrimonio netto totale di $12.9M e un debito totale di $1.6M, che porta il suo rapporto debito/patrimonio netto a 12.4%. Le sue attività totali e le sue passività totali sono rispettivamente $22.7M e $9.8M.

Informazioni chiave

12.39%

Rapporto debito/patrimonio netto

US$1.60m

Debito

Indice di copertura degli interessin/a
ContantiUS$2.20m
Patrimonio nettoUS$12.90m
Totale passivitàUS$9.83m
Totale attivitàUS$22.73m

Aggiornamenti recenti sulla salute finanziaria

Recent updates

Seeking Alpha • Oct 11

Argo Blockchain mines ~8.5% lower bitcoins in September

Argo Blockchain (NASDAQ:ARBK) mined 215 Bitcoin or Bitcoin Equivalent (together, BTC) in September 2022 compared to 235 BTC in August 2022, mainly due to a 12% increase in average network difficulty during September. Based on daily foreign exchange rates and crypto rates, mining revenue stood at £3.78M (or $4.27M) compared to £4.39M (or $5.23M in prior month). The company generated this income at a bitcoin and bitcoin equivalent mining margin of 25% compared to 20% in prior month. As of September end, Argo owned 512 Bitcoin, of which 167 were BTC Equivalents. The company expects to complete the installation of its Bitmain S19J Pro machines at Helios, having achieved a total hashrate capacity of 2.5 EH/s by the end of October. After accounting for the sale of 3,400 mining machines to a third party that was reported on 7 October 2022, the Company now expects to achieve a total hashrate capacity of 2.9 EH/s once the installation is complete. Effective October 15, Perry Hothi is stepping down from his role as Chief Technology Officer at Argo and will serve as a transitional advisor to the company. The technology function will be led by Jean Esquier, who currently serves as Vice President of Technology and Development.
Seeking Alpha • Sep 08

Argo Blockchain Continues Buildout As Bitcoin Price Tumbles Under $20K

Summary Argo Blockchain plc went public in September 2021, raising approximately $113 million in gross proceeds in an IPO. The firm operates cryptocurrency mining computers in facilities based in North America. ARBK has grown its mining capacity and seeks revenue stream diversification. The stock has been beaten down along with Bitcoin's price, but the firm's mining operations appear efficiently managed. However, until we begin to see positive market dynamics for the price of Bitcoin, I'm on Hold for ARBK. A Quick Take On Argo Blockchain Argo Blockchain plc (ARBK) went public in September 2021, raising approximately $113 million in gross proceeds from an IPO that was priced at $15.00 per ADS. The firm operates cryptocurrency mining computers in locations in North America. Argo appears to be efficiently-managed so is worth putting on a watch list at its current price of around $4.00, but for now, I'm on Hold for the stock. Argo Blockchain Overview London, UK-based Argo was founded to cost-effectively mine Bitcoin (BTC-USD) and other cryptocurrencies in North America using "predominantly renewable and inexpensive power." Management is headed by Chief Executive Officer, Peter Wall, who has been with the firm since inception and was previously Partner at The Art Department. The firm currently has thousands of Bitcoin mining machines located in owned and hosted facilities in Canada and the United States. Management also intends to invest in strategic initiatives beyond mining to diversify its revenue streams via its Argo Labs division. Argo Blockchain's Market & Competition The global market for Bitcoin mining is currently in significant flux, with the recent bans on mining in China causing a large amount of that country's hashpower to exit the network while those operators look for a more suitable location. The market value for mining depends on the price of Bitcoin, since the majority of value going to the miner is a function of the current Bitcoin reward rate of 6.25 Bitcoin per successfully mined block. At a price of $25,000 per Bitcoin, for example, the annual mining rewards for the entire industry would be approximately $8.2 billion per year. Major competitive or other industry participants include: Bitfarms DMG Blockchain Hive Blockchain Hut 8 Mining HashChain Technology DPW Holdings Layer1 Technologies Riot Blockchain Marathon Patent Corp. Others Argo Blockchain's Recent Financial Performance Total revenue by quarter has resulted in the following trajectory over the past 9 quarters: 9 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has recently turned negative: 9 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have risen sharply in recent quarters: 9 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating income by quarter has turned substantially negative in Q2 2022: 9 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have also turned into negative territory in Q2 2022: 9 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is IFRS) Since its IPO, ARBK's stock price has fallen 76% vs. the U.S. S&P 500 Index's drop of around 11.2%, as the chart below indicates: Stock Price Since IPO (Seeking Alpha) Valuation And Other Metrics For Argo Blockchain Below is a table of relevant capitalization and valuation figures for the company: Measure ((TTM)) Amount Enterprise Value/Sales 3.65 Revenue Growth Rate 79.4% Net Income Margin -10.0% IFRS EBITDA % 0.4% Market Capitalization $184,580,000 Enterprise Value $310,020,000 Operating Cash Flow -$6,810,000 Earnings Per Share (Fully Diluted) $0.02 (Source - Seeking Alpha) As a reference, a relevant partial public comparable would be the much larger firm Riot Blockchain (RIOT); shown below is a comparison of their primary valuation metrics: Metric Riot Blockchain Argo Blockchain Variance Enterprise Value/Sales 2.39 3.65 52.7% Revenue Growth Rate 372.4% 79.4% -78.7% Net Income Margin -118.5% -10.0% -91.6% Operating Cash Flow -$73,610,000 -$6,810,000 -90.7% (Source - Seeking Alpha) A full comparison of the two companies' performance metrics may be viewed here. Commentary On Argo Blockchain In its last investor presentation (Source - Argo Blockchain) and financial results announcement (Source - Seeking Alpha), published August 25, 2022 and August 23, 2022, respectively, management disclosed revenue of $32.5 million and adjusted EBITDA of $20.9 million. Adjusted figures frequently exclude stock-based compensation. The firm saw a drop in its mining margin in the first half of 2022, to 71% from 81% in H1 2021. Argo says this is superior to its peers' (Marathon, Riot, Hut 8, Bitfarms) margin of 61%. ARBK brought its flagship Texas facility online during the quarter, with its total hashpower expected to reach 4.1 exahashes per second by the end of 2022 and installation of miners at the facility to continue through Q1 2023.
Seeking Alpha • Aug 24

Argo Blockchain reports 1H results

Argo Blockchain press release (NASDAQ:ARBK): 1H Pre-tax Loss of $44.9M Revenue of $32.5M (-14% Y/Y) Adjusted EBITDA of $20.9M Total number of Bitcoin and Bitcoin Equivalent mined during H1 2022 was 939, a 6% increase Y/Y.  Mining margin of 71%, down from 81% in H1 2021.
Seeking Alpha • Aug 05

Argo Blockchain mines 22% higher bitcoins in July

Argo Blockchain (NASDAQ:ARBK) mined 219 Bitcoin or Bitcoin Equivalent (together, BTC) in July 2022 compared to 179 BTC in June 2022. Based on daily foreign exchange rates and crypto rates, mining revenue stood at £3.89M (or $4.73M) compared to £3.38M (or $4.35M in prior month). The company generated this income at a bitcoin and bitcoin equivalent mining margin of 37% compared to 50% in prior month, primarily by higher electricity costs at Helios. As of July end, Argo owned 1,295 Bitcoin, of which 227 were BTC Equivalents. During the month of July, the company sold 887 Bitcoin at an average price of approximately $22,670. As of 31 July 2022, the company had an outstanding balance of $6.72M under the BTC-backed loan, a significant reduction from the maximum outstanding balance of $50 million in Q2 2022. During the month of July, the company increased its total hashrate capacity to 2.3 EH/s. "While there have been some challenges in operating the 17 series machines, we are pleased with the ROI we have achieved on this portion of our mining infrastructure," said Peter Wall, Argo's CEO.
Seeking Alpha • Jul 07

Argo Blockchain mines 44% higher bitcoins in June

Argo Blockchain (NASDAQ:ARBK) mined 179 Bitcoin or Bitcoin Equivalent (together, BTC) in June 2022 compared to 124 BTC in May 2022, mainly attributed to an increase in total hashrate capacity and greater uptime at the Helios facility compared to the previous month. Based on daily foreign exchange rates and crypto rates, mining revenue stood at £3.38M (or $4.35M) compared to £3.07M (or $3.89M in prior month). The company generated this income at a bitcoin and bitcoin equivalent mining margin of ~50% compared to 55% in prior month, driven primarily by reduced price of Bitcoin and higher electricity costs at Helios. As of June end, Argo owned 1,953 Bitcoin, of which 210 were BTC Equivalents. During the month of June, the company sold 637 Bitcoin at an average price of approximately $24,500. As of 30 June 2022, the company had an outstanding balance of $22M under the BTC-backed loan. The company is confident that it possesses sufficient liquidity to avoid any potential liquidation of the BTC-backed loan if Bitcoin price continues to decline. During the month of June, the company increased its total hashrate capacity to 2.2 EH/s. The company remains on track to install all 20,000 machines purchased from Bitmain by October 2022.
Seeking Alpha • May 09

Argo Blockchain Expanding, But Lacks Mindshare In U.S. Market

Argo's latest earnings report reveals significant improvement. Access to capital is a positive, wins more financing from NYDIG. It is currently launching operations at its Texas mining facility. Argo has a major issue most other Bitcoin miners don't have.
Seeking Alpha • Feb 08

ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting

Senior Notes Mature 11/30/26 Yielding 9.5% with a 10.9% YTM. My analysis on current business model suggests Argo needs just $14K BTC price to cover interest payments with current mining business. Argo nears completion of Helios mining plant in Texas by end of 1H '22. Result will increase total hashrate greater than 2.4x. Principal backstopped by crypto asset portfolio plus fixed investments.
Seeking Alpha • Dec 22

Argo Blockchain: Valuation Starting To Make More Sense

Argo has improved productivity and is ramping up capacity. On that basis, I now see it as undervalued and am switching to a bullish rating. However, risks abound including crypto pricing.

Analisi della posizione finanziaria

Passività a breve termine: Le attività a breve termine ( { ARBK di $4.1M ) non coprono le sue passività a breve termine ( $8.1M ).

Passività a lungo termine: Le attività a breve termine di ARBK ( $4.1M ) superano le sue passività a lungo termine ( $1.8M ).

Storia e analisi del rapporto debito/patrimonio netto

Livello di debito: ARBK ha più liquidità del suo debito totale.

Riduzione del debito: Il rapporto debito/patrimonio netto di ARBK è aumentato da 0.5% a 12.4% negli ultimi 5 anni.

Copertura del debito: Il flusso di cassa operativo di ARBK è negativo, pertanto il debito non è ben coperto.

Copertura degli interessi: Dati insufficienti per determinare se i pagamenti degli interessi sul debito di ARBK siano ben coperti dall'EBIT.

Bilancio

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/06 19:09
Prezzo dell'azione a fine giornata2026/05/06 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

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Fonti analitiche

Argo Blockchain plc è coperta da 7 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Ramsey El-AssalBarclays
Joseph VafiCanaccord Genuity
William Chase WhiteCompass Point Research & Trading, LLC