Argo Blockchain plc (ARBK) 10-Year Financial Performance & Capital Metrics

ARBK • • Banking & Credit

Financial ServicesCapital MarketsCryptocurrency Mining & InfrastructureBitcoin Mining Operators

AboutArgo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.Show more

Net Interest Income -$7M +41.1%
Total Revenue $49M -15.9%
Net Income -$55M -59.1%
Return on Equity -
Net Interest Margin -35.36% -132.4%
Efficiency Ratio 34.59% -12.6%
ROA -115.76% -211.1%
Equity / Assets -153.11% -73687.4%
Book Value per Share -103.19 -15336.5%
Tangible BV/Share -103.81 -3217.5%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 34.6% efficiency ratio
✓Momentum leader: RS Rating 99 (top 1%)
✓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 22.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y33.84%

3Y-21.09%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-244.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM-151.32%

ROCE

10Y Avg-10.47%

5Y Avg-11.39%

3Y Avg-31.57%

Latest-52.69%

Peer Comparison

Bitcoin Mining Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IRENIREN Limited	17.04B	51.89	133.05	167.65%	17.35%	18.19%	0.53
RIOTRiot Platforms, Inc.	6.16B	16.57	48.74	34.2%	29.05%	4.68%	0.20
HUTHut 8 Corp.	6.19B	57.28	16.85	69.07%	204.38%	8.96%	0.35
BTBTBit Digital, Inc.	747.69M	2.31	11.55	264.59%	17.29%	13.1%	0.03
MARAMarathon Digital Holdings, Inc.	4.03B	10.66	6.20	69.38%	82.46%	17.91%	0.60
CLSKWCleanSpark, Inc.	123.65M	0.43	0.39	102.21%	47.56%	16.76%	0.38
ARBKArgo Blockchain plc	1.51M	4.54	-0.02	-15.95%	-113.58%
ABTCAmerican Bitcoin Corp	328.24M	1.68	-0.66	10.09%	6%	57.62%	0.01

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	-46.2K	-212.07K	-2.94M	-22.66M	-11.56M	-6.81M
NII Growth %	-	-	-3.59%	-12.84%	-6.72%	0.49%	0.41%
Net Interest Margin %	-	-	-	-	-	-	-
Interest Income	35.96K	7.37K	1.89K	0	0	0	0
Interest Expense	0	53.56K	213.96K	2.94M	22.66M	11.56M	6.81M
Loan Loss Provision	828.84K	7.67M	20.28M	26.59M	24.57M	43.06M	40.25M
Non-Interest Income+	728.6K	11.29M	25.83M	98.75M	58.58M	57.72M	48.52M
Non-Interest Income %	-	-	-	-	-	-	-
Total Revenue+	764.56K	11.3M	25.84M	98.75M	58.58M	57.72M	48.52M
Revenue Growth %	-	13.78%	1.29%	2.82%	-0.41%	-0.01%	-0.16%
Non-Interest Expense	3.28M	4.66M	3.16M	14.32M	38.06M	22.84M	16.78M
Efficiency Ratio	-	-	-	-	-	-	-
Operating Income+	-3.34M	-1.09M	2.18M	54.9M	-26.7M	-19.74M	-15.32M
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	0.67%	2.99%	24.19%	-1.49%	0.26%	0.22%
Pretax Income+	-4.12M	-1.14M	1.97M	50.39M	-240.69M	-34.64M	-54.76M
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	2	0	0	11.32M	-11.73M	0	340K
Effective Tax Rate %	-	-	-	-	-	-	-
Net Income+	-4.12M	-1.14M	1.97M	39.07M	-228.96M	-34.64M	-55.1M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	0.72%	2.72%	18.88%	-6.86%	0.85%	-0.59%
Net Income (Continuing)	-4.12M	-1.14M	1.97M	39.07M	-228.96M	-34.64M	-55.1M
EPS (Diluted)+	-30.24	-14.26	8.86	216.00	-885.60	-189.75	-192.89
EPS Growth %	-	0.53%	1.62%	23.38%	-5.1%	0.79%	-0.02%
EPS (Basic)	-30.24	-14.26	9.94	216.00	-885.60	-189.75	-192.89
Diluted Shares Outstanding	136K	136K	159.56K	192.22K	219.41K	233.29K	285.73K

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	20.8M	211.55K	2.8M	15.92M	20.09M	7.44M	8.63M
Short Term Investments	2.64K	1000K	1000K	1000K	443K	385K	6K
Total Investments+	2.64K	1.84M	1.9M	19.18M	3.28M	400K	300K
Investments Growth %	-	696%	0.03%	9.11%	-0.83%	-0.88%	-0.25%
Long-Term Investments	0	0	0	0	0	0	0
Accounts Receivables	0	0	0	1000K	823K	1000K	140K
Goodwill & Intangibles+	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	112K	35K
Intangible Assets	786.09K	631.9K	501.52K	0	0	776K	141K
PP&E (Net)	3.12M	20.19M	24.4M	151.04M	77.52M	59.73M	7.07M
Other Assets	0	7.28M	7.51M	19.18M	3.28M	399K	300K
Total Current Assets	23.56M	4.31M	12.08M	210.36M	27.34M	14.92M	11.71M
Total Non-Current Assets	3.9M	28.11M	32.41M	177.79M	82.9M	61.02M	7.55M
Total Assets+	27.47M	32.42M	44.49M	388.15M	110.23M	75.94M	19.26M
Asset Growth %	-	0.18%	0.37%	7.73%	-0.72%	-0.31%	-0.75%
Return on Assets (ROA)	-0.15%	-0.04%	0.05%	0.18%	-0.92%	-0.37%	-1.16%
Accounts Payable	0	3.23M	746.83K	20.57M	9.78M	11.18M	1.66M
Total Debt+	0	1.42M	10.22M	72.94M	75.88M	62.52M	40.16M
Net Debt	-20.8M	1.21M	7.42M	57.02M	55.78M	55.07M	31.54M
Long-Term Debt	0	0	0	40.88M	63.73M	48.2M	39.3M
Short-Term Debt	0	1.42M	158.09K	31.56M	11.61M	14.32M	857K
Other Liabilities	0	0	0	0	0	0	0
Total Current Liabilities	277.34K	5.23M	6M	73.77M	21.39M	27.59M	9.44M
Total Non-Current Liabilities	0	0	5.33M	42.11M	64.27M	48.2M	39.3M
Total Liabilities	277.34K	5.23M	11.33M	115.88M	85.66M	75.78M	48.74M
Total Equity+	27.19M	27.19M	33.15M	272.27M	24.58M	158K	-29.48M
Equity Growth %	-	-0%	0.22%	7.21%	-0.91%	-0.99%	-187.61%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.15%	-0.04%	0.07%	0.26%	-1.54%	-2.8%	-
Book Value per Share	199.94	199.94	207.79	1416.45	112.02	0.68	-103.19
Tangible BV per Share	-	-	-	-	-	-	-
Common Stock	372.74K	385.15K	412.94K	622K	634K	712K	938K
Additional Paid-in Capital	32.04M	33.11M	2.1M	196.91M	202.1M	209.78M	232.26M
Retained Earnings	-5.22M	-6.54M	29.93M	69.76M	-157.34M	-191.97M	-247.08M
Accumulated OCI	0	0	0	0	0	0	0
Treasury Stock	0	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+	-5.2M	-754.34K	3.43M	-37.02M	-101.24M	-47.96M	-44.8M
Operating CF Growth %	-	0.86%	5.55%	-11.78%	-1.73%	0.53%	0.07%
Net Income	-4.12M	-1.09M	1.97M	50.39M	-240.69M	-34.64M	-54.76M
Depreciation & Amortization	487.7K	2.91M	8.21M	15.32M	29M	20.13M	14.91M
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	3.55M	180.14K	-2.52M	-103.53M	136.08M	-37.23M	-7.15M
Working Capital Changes	-1.96M	-2.75M	-4.68M	-1.78M	-31.73M	-111K	-1.55M
Cash from Investing+	-3.89M	-21.94M	-1.44M	-183.07M	17.32M	50.8M	55.07M
Purchase of Investments	-329.09K	-486.01K	0	-293K	0	0	-1M
Sale/Maturity of Investments	0	0	0	1000K	0	50K	1000K
Net Investment Activity	-	-	-	-	-	-	-
Acquisitions	0	0	0	-10.67M	-1.68M	0	0
Other Investing	0	-1.76M	1.03M	-4.92M	127.05M	51.87M	48.81M
Cash from Financing+	25.49M	1.42M	579.2K	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	25.49M	0	2.11M	179.23M	0	7.52M	21.86M
Net Stock Activity	-	-	-	-	-	-	-
Debt Issuance (Net)	0	1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	0	0	-213.96K	-9.98M	-22.75M	-10.66M	-4.96M
Net Change in Cash+	16.39M	-21.28M	2.58M	13.14M	4.17M	-12.65M	1.18M
Exchange Rate Effect	0	1	0	161K	1000K	281K	238K
Cash at Beginning	0	21.49M	219.41K	2.79M	15.92M	20.09M	7.44M
Cash at End	16.39M	211.55K	2.8M	15.92M	20.09M	7.44M	8.63M
Interest Paid	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0
Free Cash Flow+	-8.77M	-20.46M	970.33K	-225.2M	-209.28M	-49.07M	-44.8M
FCF Growth %	-	-1.33%	1.05%	-233.08%	0.07%	0.77%	0.09%

Banking Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-15.14%	-4.19%	6.51%	25.59%	-154.26%	-280.05%	-
Return on Assets (ROA)	-14.99%	-3.81%	5.11%	18.06%	-91.88%	-37.21%	-115.76%
Net Interest Margin	0%	-0.14%	-0.48%	-0.76%	-20.56%	-15.22%	-35.36%
Efficiency Ratio	428.5%	41.28%	12.25%	14.5%	64.96%	39.57%	34.59%
Equity / Assets	98.99%	83.87%	74.52%	70.15%	22.3%	0.21%	-153.11%
Book Value / Share	199.94	199.94	207.79	1.42K	112.02	0.68	-103.19
NII Growth	-	-	-359.02%	-1283.97%	-672.1%	49%	41.07%

Revenue by Segment

	2021	2022	2023	2024
Crypto currency mining	70.33M	47.27M	50.56M	47.02M
Crypto currency mining Growth	-	-32.79%	6.96%	-7.00%
Crypto currency management fees	3.88M	96K	-	-
Crypto currency management fees Growth	-	-97.53%	-	-

Frequently Asked Questions

Growth & Financials

Argo Blockchain plc (ARBK) saw revenue decline by 15.9% over the past year.

Argo Blockchain plc (ARBK) reported a net loss of $69.4M for fiscal year 2024.

Industry Metrics

Argo Blockchain plc (ARBK) has a net interest margin (NIM) of -35.4%. NIM has been under pressure due to interest rate environment.

Argo Blockchain plc (ARBK) has an efficiency ratio of 34.6%. This is excellent, indicating strong cost control.

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