Argo Blockchain Plc Adr ( (ARBK) ) has released its Q2 earnings. Here is a breakdown of the information Argo Blockchain Plc Adr presented to its investors.
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Argo Blockchain Plc is a dual-listed blockchain technology company specializing in large-scale cryptocurrency mining, with operations in Quebec and Texas, and offices in the US, Canada, and the UK. The company is known for its commitment to sustainable operations, predominantly powered by renewable energy.
In its interim half-year results for 2025, Argo Blockchain reported a significant decline in revenue to $6.3 million, down from $29.3 million in the same period last year. This decrease was attributed to the refurbishment and relocation of mining machines. The company also reported a net loss of $8.1 million, an improvement from the $38 million net loss in H1 2024.
Key financial metrics showed a decrease in the total number of Bitcoins mined, dropping from 442 in H1 2024 to 65 in H1 2025. The mining margin also fell to $1.2 million or 18%, compared to $11.5 million or 39% in the previous year. Argo’s restructuring efforts included a Restructuring Support Agreement with Growler Mining, aiming to recapitalize its financial indebtedness.
Despite the challenges, Argo’s management remains optimistic about strengthening its foundations through the Recapitalization Plan. The company ended June 2025 with $1.7 million in cash and 2 Bitcoin equivalent, and it has secured a multi-draw term loan facility of up to $7.5 million to provide liquidity during the restructuring process.
Looking ahead, Argo Blockchain is focused on completing its recapitalization plan and maintaining its Nasdaq listing, with expectations to capture future opportunities in the cryptocurrency mining sector.