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Argo Blockchain plc Company profile

About Argo Blockchain PLC

Argo Blockchain PLC (Argo) is a United Kingdom-based cryptocurrency mining company. Argo is a mining-as-a-software (MaaS) service provider that makes it easy for clients to mine Bitcoin Gold, Ethereum, and other alternative coins (altcoins) through the cloud. The Company’s mining infrastructure is located at multiple sites in Quebec, Canada and comprise approximately 18,000 mining machines.

Financial summary

BRIEF: For the six months ended 30 June 2021, Argo Blockchain PLC revenues increased from £11.1M to £31.1M. Net income increased from £523K to £7.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Basic Earnings per Share excluding Extraordinary Items totaled to £0.02.

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