Argo Blockchain PLC
BTC Holdings
3
Share Price
$0.28
Current trading price per share
Market Cap
$20M
Total market capitalization
Enterprise Value
$232M
Market cap plus debt minus cash
NAV Multiple
60.059
Net Asset Value multiplier
BTC / Market Cap
1.7%
Bitcoin holdings as % of market cap
About Argo Blockchain PLC
Argo Blockchain PLC, listed on Nasdaq with the ticker ARBK, is a global cryptocurrency mining company headquartered in London, United Kingdom. Founded in 2017, it emerged to capitalize on the growing demand for digital assets through sustainable mining practices. Its business model focuses on generating revenue by securing blockchain networks, primarily through Bitcoin mining. Core operations involve operating energy-efficient data centers in North America, leveraging renewable energy sources to mine cryptocurrencies and provide hosting services for third-party miners.
The company employs a Bitcoin treasury strategy, retaining mined Bitcoin as a primary reserve asset to diversify its financial portfolio and align with its operational expertise. This approach underscores its commitment to Bitcoin as a store of value within corporate finance. Beyond treasury management, Argo pursues a broader digital asset strategy, exploring blockchain infrastructure to enhance mining efficiency and support decentralized applications, positioning itself as a leader in the digital economy.
Led by CEO Thomas Chippas, an expert in technology and finance, Argo Blockchain maintains a strong industry presence through its scalable mining operations and partnerships with energy providers. Its leadership drives a vision of sustainable digital innovation, ensuring adaptability in a dynamic market. By integrating green energy with blockchain technology, Argo Blockchain secures long-term relevance in the evolving landscape of decentralized finance and cryptocurrency infrastructure.
Recent Developments
- Nov 30, 2024: Bitcoin holdings decreased by 8.00 BTC to 3 BTC with cost basis of $96.7K (BTC @ $1.12)
- Jun 30, 2024: Bitcoin holdings maintained position to 11 BTC with cost basis of $61.5K (BTC @ $1.15)
- Mar 31, 2024: Bitcoin holdings increased by 11.00 BTC to 11 BTC with cost basis of $70.5K (BTC @ $2.17)
Argo Blockchain PLC — Bitcoin Holdings Over Time
1y - Present
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Argo Blockchain PLC — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History