Argo Blockchain PlcARBK
What Argo Blockchain Plc does.
We are a company focused on mining Bitcoin and other crypto assets. We mine using purpose-built computers (or “mining machines”) to solve complex cryptographic algorithms (or “verify” or “solve” blocks) on the blockchain in exchange for rewards and fees denominated in the native asset of that blockchain network.
Our mining strategy is to cost-effectively acquire and deploy advanced mining technology solutions in North American facilities that utilize predominantly inexpensive electricity. As of December 31, 2025, we had a fleet of approximately 22,600 machines mining Bitcoin that can generate up to 2.4 exahash per second of computing power.
In December 2022, we sold the Helios facility, which we designed, constructed, and energized over the course of 2021 and 2022. The transaction strengthened our balance sheet through $41 million of debt reduction and through a refinance of our remaining machine-backed loans with a new asset-backed loan from Galaxy.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | — | $98.7M | $58.6M | $50.6M | $47.0M |
| Net income | — | $39.1M | -$229.0M | -$34.6M | -$55.1M |
| Free cash flow | — | -$142.1M | -$209.3M | -$49.1M | — |
More on ARBK.
- Argo Blockchain Plc summary
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- Argo Blockchain Plc earnings
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- Argo Blockchain Plc ownership and insiders
- Argo Blockchain Plc peers
Figures from Argo Blockchain Plc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.