Argo Blockchain Plc

General Information

(NOTE: Not an IPO: “Our existing ordinary shares (excluding the ordinary shares represented by the ADSs offered hereby) are listed on the LSE under ticker symbol “ARB” and the OTCQX under ticker symbol “ARBKF.” Our existing ordinary shares began trading on the LSE on Aug. 3, 2018. Our existing ordinary shares traded on the OTCQB® Venture Market under the ticker symbol “ARBKF” from Jan. 13, 2021, until Feb. 23, 2021, and began trading on the OTCQX on Feb. 24, 2021. ” )

(Note: Argo  Blockchain plc priced its NASDAQ uplift offering of 7.5 million American Depositary Shares on Sept. 22, 2021, at $15 each – below the as-converted last price of its ordinary shares on the LSE of $21.50. Each ADS represents 10 ordinary shares.)

We are a leading blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. We mine using purpose-built computers (or “mining machines”) to solve complex cryptographic algorithms (or “verify” or “solve” blocks) in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network.
Our mining strategy is to cost-effectively acquire the latest generation mining machines and install them in North American facilities that utilize predominantly renewable and inexpensive power. We have a fleet of more than 21,000 machines mining Bitcoin and other cryptocurrencies and can generate more than 1,075 petahash per second, of which approximately 215 petahash is located in facilities we recently acquired in Quebec, Canada, and approximately 860 petahash is located in hosted facilities. 
Industry: Computer Processing and Data Preparation and Processing Services
Employees: 9
Founded: 2017
Contact Information
Address 9th Floor, 16 Great Queen Street, London, WC2B 5DG, England
Phone Number +44 (0)20 788 400 3403
Web Address
View Prospectus: Argo Blockchain Plc
Financial Information
Market Cap
Revenues $53.0 mil (last 12 months)
Net Income $8.47 mil (last 12 months)
IPO Profile
Symbol ARBK
Exchange NASDAQ
Shares (millions): 7.5
Price range $15.00 - $15.00
Est. $ Volume $112.5 mil
Manager / Joint Managers Jefferies/ Barclays/ Canaccord Genuity/ Stifel
CO-Managers Compass Point/ D.A. Davidson & Co./ Ladenburg Thalmann/ Roth Capital Partners/ finnCap Ltd/ Tennyson Securities
Expected To Trade: 9/23/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change