Argo Blockchain plc 8.75% Senior Notes due 2026 (ARBKL) 10-Year Financial Performance & Capital Metrics

ARBKL • • Banking & Credit

Financial ServicesCrypto Asset ManagementCryptocurrency MiningBitcoin Mining Operations

AboutArgo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. It mines using purpose-built computers to solve cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company was founded in 2017 and is headquartered in London, the United Kingdom.Show more

Net Interest Income -$7M +41.1%
Total Revenue $47M -7.0%
Net Income -$55M -57.3%
Return on Equity -
Net Interest Margin -35.36% -132.4%
Efficiency Ratio 65.83% -18.2%
ROA -115.76% -208.1%
Equity / Assets -153.11% -73687.4%
Book Value per Share -0.05 -15547.5%
Tangible BV/Share -0.05 -3268.3%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak NIM of -35.4%
✗Thin capital base
✗Shares diluted 20.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y32.73%

3Y-21.91%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-56.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-58.27%

ROCE

10Y Avg-11.08%

5Y Avg-12.52%

3Y Avg-31.37%

Latest-52.69%

Peer Comparison

Bitcoin Mining Operations

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ARBKLArgo Blockchain plc 8.75% Senior Notes due 2026		5.30	-58.50	-7%	-117.2%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	-46.68K	-213.4K	1.11K	-300K	-11.56M	-6.81M
NII Growth %	-	-	-3.57%	1.01%	-270.3%	-37.52%	0.41%
Net Interest Margin %	-	-	-	-	-	-	-
Interest Income	30.63K	7.44K	1.9K	2.9M	22.15M	0	0
Interest Expense	0	54.12K	215.29K	2.9M	22.45M	11.87M	6.81M
Loan Loss Provision	1.06M	7.49M	23.35M	27.61M	32.08M	17.39M	24.58M
Non-Interest Income+	943.12K	11.41M	25.91M	95.85M	35.13M	50.56M	47.02M
Non-Interest Income %	-	-	-	-	-	-	-
Total Revenue+	973.75K	11.42M	25.91M	98.75M	57.28M	50.56M	47.02M
Revenue Growth %	-	10.72%	1.27%	2.81%	-0.42%	-0.12%	-0.07%
Non-Interest Expense	4.17M	3.69M	2.63M	12.63M	9.76M	40.7M	30.95M
Efficiency Ratio	-	-	-	-	-	-	-
Operating Income+	-4.25M	181.85K	-274.33K	57.17M	-26.7M	-19.4M	-15.32M
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	1.04%	-2.51%	209.39%	-1.47%	0.27%	0.21%
Pretax Income+	-5.24M	-1.15M	1.97M	54.71M	-240.69M	-35.03M	-54.76M
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	351.07K	0	0	11.32M	-11.47M	0	340K
Effective Tax Rate %	-	-	-	-	-	-	-
Net Income+	-5.24M	-1.15M	1.97M	41.59M	-223.87M	-35.03M	-55.1M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	0.78%	2.71%	20.09%	-6.38%	0.84%	-0.57%
Net Income (Continuing)	-4.85M	-1.15M	1.97M	39.07M	-228.96M	-35.03M	-55.1M
EPS (Diluted)+	-0.03	-0.00	0.01	0.10	-0.48	-0.07	-0.09
EPS Growth %	-	0.86%	-	-	-5.8%	0.86%	-0.3%
EPS (Basic)	-0.03	-0.00	0.01	0.10	-0.48	-0.07	-0.09
Diluted Shares Outstanding	186.02M	293.75M	334.64M	415.2M	473.93M	503.92M	607.88M

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.87M	213.74K	2.8M	15.96M	20.15M	7.43M	8.63M
Short Term Investments	2.65K	1000K	1000K	1000K	445.06K	384.46K	0
Total Investments+	2.65K	8.74M	13.87M	128.39M	3.73M	783.89K	300K
Investments Growth %	-	3294.72%	0.59%	8.26%	-0.97%	-0.79%	-0.62%
Long-Term Investments	0	7.36M	7.53M	19.22M	3.29M	400K	300K
Accounts Receivables	0	1000K	1000K	1000K	823K	1000K	140K
Goodwill & Intangibles+	-	-	-	-	-	-	-
Goodwill	0	0	0	108.14K	96.75K	112K	35K
Intangible Assets	789.75K	638.42K	503.25K	7.47M	2.01M	776K	141K
PP&E (Net)	3.13M	20.4M	24.47M	151.34M	77.75M	59.73M	7.07M
Other Assets	-750	-22.9M	-26.89M	-178.21M	-83.1M	0	0
Total Current Assets	23.65M	4.36M	12.12M	210.77M	27.42M	14.92M	11.71M
Total Non-Current Assets	3.92M	28.4M	32.51M	178.14M	83.14M	61.02M	7.55M
Total Assets+	27.57M	32.75M	44.62M	388.91M	110.56M	75.94M	19.26M
Asset Growth %	-	0.19%	0.36%	7.72%	-0.72%	-0.31%	-0.75%
Return on Assets (ROA)	-0.19%	-0.04%	0.05%	0.19%	-0.9%	-0.38%	-1.16%
Accounts Payable	0	3.26M	749.4K	13.87M	3.08M	2.34M	1.66M
Total Debt+	0	1.44M	10.25M	73.09M	76.1M	62.52M	40.16M
Net Debt	-20.87M	1.22M	7.44M	57.13M	55.95M	55.08M	31.54M
Long-Term Debt	0	0	0	40.96M	63.91M	48.2M	39.3M
Short-Term Debt	0	1.44M	158.63K	31.63M	11.64M	14.32M	857K
Other Liabilities	0	0	-2.63K	731.13K	1.81K	0	0
Total Current Liabilities	278.37K	5.28M	6.02M	73.92M	21.45M	27.59M	9.44M
Total Non-Current Liabilities	0	0	5.34M	42.19M	64.46M	48.2M	39.3M
Total Liabilities	278.37K	5.28M	11.37M	116.1M	85.91M	75.78M	48.74M
Total Equity+	27.29M	27.47M	33.25M	272.81M	24.65M	158K	-29.48M
Equity Growth %	-	0.01%	0.21%	7.2%	-0.91%	-0.99%	-187.61%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.19%	-0.04%	0.06%	0.27%	-1.51%	-2.82%	-
Book Value per Share	0.15	0.09	0.10	0.66	0.05	0.00	-0.05
Tangible BV per Share	-	-	-	-	-	-	-
Common Stock	374.12K	389.14K	414.78K	622K	578.09K	710.99K	938K
Additional Paid-in Capital	32.19M	33.45M	2.11M	188.76M	202.1M	209.78M	232.26M
Retained Earnings	-5.24M	-6.61M	30.02M	71.43M	-159.97M	-192.37M	-247.08M
Accumulated OCI	0	236.12K	708.2K	12.06M	-20.82M	-17.96M	-15.6M
Treasury Stock	-25.6K	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.63M	-754.72K	3.23M	-37.02M	-101.24M	3.83M	-44.8M
Operating CF Growth %	-	0.89%	5.28%	-12.46%	-1.73%	1.04%	-12.69%
Net Income	-5.24M	-1.15M	1.97M	39.07M	-198.01M	-35.88M	-55.1M
Depreciation & Amortization	621.13K	2.94M	8.24M	15.32M	29M	20.61M	14.91M
Deferred Taxes	2.49M	0	0	15.81M	12.48M	0	0
Other Non-Cash Items	4.52M	236.12K	460.56K	-110.88M	168.05M	16.35M	-9.12M
Working Capital Changes	-2.5M	-2.78M	-7.89M	1.08M	-118.85M	-1.15M	756K
Cash from Investing+	-4.96M	-22.18M	-1.44M	-183.07M	17.32M	-1.06M	55.07M
Purchase of Investments	-419.13K	-2.27M	0	-30.53M	0	0	0
Sale/Maturity of Investments	0	0	0	1000K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-
Acquisitions	0	0	962.72K	-897.6K	10.49M	0	0
Other Investing	-1.14M	0	65.27K	-61.22M	10.62M	76.79K	55.07M
Cash from Financing+	32.46M	1.44M	795.41K	233.06M	84.18M	-15.78M	-9.32M
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0
Stock Issued	32.46M	0	2.12M	182.07M	0	7.7M	0
Net Stock Activity	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	1000K	1000K	-1000K	-1000K
Other Financing	32.46M	1.44M	795.41K	179.07M	-22.66M	-3.14M	16.89M
Net Change in Cash+	20.87M	-20.66M	2.59M	13.15M	4.17M	-12.65M	1.18M
Exchange Rate Effect	0	1000K	6.44K	161K	1000K	360K	238K
Cash at Beginning	-2	20.87M	213.74K	2.8M	15.96M	20.09M	7.44M
Cash at End	20.87M	213.74K	2.8M	15.96M	20.15M	7.44M	8.63M
Interest Paid	0	0	0	0	0	0	4.96M
Income Taxes Paid	0	0	0	0	0	0	0
Free Cash Flow+	-11.17M	-20.66M	759.34K	-35.93M	-257.71M	2.72M	-44.8M
FCF Growth %	-	-0.85%	1.04%	-48.32%	-6.17%	1.01%	-17.48%

Banking Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-19.21%	-4.2%	6.49%	27.18%	-150.52%	-282.41%	-
Return on Assets (ROA)	-19.02%	-3.82%	5.1%	19.19%	-89.64%	-37.57%	-115.76%
Net Interest Margin	0%	-0.14%	-0.48%	0%	-0.27%	-15.22%	-35.36%
Efficiency Ratio	428.5%	32.29%	10.13%	12.79%	17.04%	80.5%	65.83%
Equity / Assets	98.99%	83.87%	74.52%	70.15%	22.3%	0.21%	-153.11%
Book Value / Share	0.15	0.09	0.1	0.66	0.05	0	-0.05
NII Growth	-	-	-357.17%	100.52%	-27029.8%	-3752.03%	41.07%

Revenue by Segment

	2022	2023	2024
Crypto currency mining	47.27M	50.56M	47.02M
Crypto currency mining Growth	-	6.96%	-7.00%
Crypto currency management fees	96K	-	-
Crypto currency management fees Growth	-	-	-

Frequently Asked Questions

Growth & Financials

Argo Blockchain plc 8.75% Senior Notes due 2026 (ARBKL) saw revenue decline by 7.0% over the past year.

Argo Blockchain plc 8.75% Senior Notes due 2026 (ARBKL) reported a net loss of $54.9M for fiscal year 2024.

Industry Metrics

Argo Blockchain plc 8.75% Senior Notes due 2026 (ARBKL) has a net interest margin (NIM) of -35.4%. NIM has been under pressure due to interest rate environment.

Argo Blockchain plc 8.75% Senior Notes due 2026 (ARBKL) has an efficiency ratio of 65.8%. This is higher than peers, suggesting room for cost optimization.

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