ARBK

Argo Blockchain plc operates as a cryptocurrency mining company focused on large-scale Bitcoin mining operations. Headquartered in London, United Kingdom, the company mines cryptocurrencies using specialized computers and advanced data centers powered increasingly by renewable energy sources. Argo operates multiple mining facilities, including its flagship site in Helios, Texas, which spans 320 acres and is designed to accommodate up to 800 megawatts of mining capacity. The company generates revenue primarily through mining Bitcoin and other proof-of-work cryptocurrencies, which it either holds on its balance sheet or sells to fund operations and expansion. As a publicly traded entity on the London Stock Exchange and Nasdaq, Argo distinguishes itself through its commitment to sustainable mining practices, with facilities strategically located in regions offering access to low-cost, renewable energy. The company experienced significant challenges in 2022, including financial restructuring efforts and the sale of its Helios facility to Galaxy Digital. Argo subsequently refocused its operations on more efficient mining strategies and cost management. The company maintains mining operations with thousands of mining machines deployed across its facilities, positioning itself within the competitive cryptocurrency mining sector. Argo continues to adapt its business model in response to Bitcoin price volatility, network difficulty adjustments, and evolving regulatory landscapes affecting the digital asset mining industry.