Argo Blockchain Plc ( (ARBKF) ) has released its Q2 earnings. Here is a breakdown of the information Argo Blockchain Plc presented to its investors.
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Argo Blockchain Plc is a blockchain technology company specializing in large-scale cryptocurrency mining, with operations powered by renewable energy across the US, Canada, and the UK. In its interim half-year results for 2025, Argo Blockchain reported a significant decline in revenues to $6.3 million from $29.3 million in the same period last year, primarily due to machine refurbishment and relocation. The company mined 65 Bitcoins in the first half of 2025, down from 442 in the previous year, and reported a net loss of $8.1 million, an improvement from the $38 million loss in H1 2024. Key financial metrics highlight a reduced mining margin of $1.2 million or 18%, compared to $11.5 million or 39% in H1 2024. The company has entered into a Restructuring Support Agreement with Growler Mining to address its financial indebtedness and has initiated a recapitalization plan. Argo’s management remains optimistic about strengthening its financial foundation through this restructuring, aiming to position the company for future opportunities in the cryptocurrency mining sector.