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Argo Blockchain
(NASDAQ:ARBK)
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Rating:41Neutral
Price Target:
$2.50
▼(-19.61% Downside)
Action:Reiterated
Date:08/10/26
ARBK scores low primarily due to weak cash generation (negative operating and free cash flow) alongside a steep revenue decline and continued negative operating profit, which outweigh reported net income improvement. Technicals add downside pressure with bearish momentum below key moving averages. Valuation provides limited support because the negative P/E reduces comparability and no dividend yield is available.
Positive Factors
Debt Reduction and Stronger Equity Base
Lower debt and a healthier equity base improve financial flexibility and reduce balance-sheet strain. This gives Argo more capacity to manage operating volatility, although the prior history of capital stress limits confidence in the improvement.
Negative Factors
Severe Revenue Contraction
A revenue decline of roughly 53% signals substantial deterioration in scale and earnings capacity. Lower top-line volume can weaken operating leverage, constrain reinvestment in mining infrastructure and make recovery dependent on highly volatile digital-asset and network conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction and Stronger Equity Base
Lower debt and a healthier equity base improve financial flexibility and reduce balance-sheet strain. This gives Argo more capacity to manage operating volatility, although the prior history of capital stress limits confidence in the improvement.
Read all positive factors
Argo Blockchain (ARBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$43.90M
Dividend YieldN/A
Average Volume (3M)14.35M
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees20
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)15.30
Shares Outstanding14,634,897
10 Day Avg. Volume34,810,876
30 Day Avg. Volume14,346,985
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.09
Price to Sales (P/S)0.07
P/FCF Ratio-0.05
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.64
Revenue Forecast (FY)$105.20M
Argo Blockchain Business Overview & Revenue Model
Company Description
Argo Blockchain plc, including its subsidiary ventures, operates globally as a miner of Bitcoin and other various cryptocurrencies. The company achieves this by deploying specialized computer systems engineered to process intricate cryptographic a...
How the Company Makes Money
Argo Blockchain primarily makes money by mining cryptocurrency: it deploys mining rigs to perform computational work on proof-of-work networks and, when successful (directly or via pooled mining), earns (1) block rewards (newly issued cryptocurren...
Argo Blockchain Earnings Call Summary
Earnings Call Date:Nov 20, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Sep 02, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook for Argo Blockchain. While the company made significant strides in reducing debt and exploring new revenue streams through high-performance computing, it faced notable challenges in its core Bitcoin mining business, including decreased revenues, negative profitability metrics, and operational uncertainties at Helios.Positive Updates
Debt Reduction Achievements
Argo reduced its debt by $12.4 million during the quarter, including full repayment of the Galaxy loan. This early repayment came four months ahead of schedule, improving cash flow and strengthening the balance sheet.
Negative Updates
Decrease in Mining Revenue and Margins
Q3 2024 revenue was $7.5 million, down from $12.4 million in Q2 2024. Mining margin dropped to 8% from 58% the previous year due to lower Bitcoin prices and higher energy costs.
Read all updates
Q3-2024 Updates
Positive
Negative
Debt Reduction Achievements
Argo reduced its debt by $12.4 million during the quarter, including full repayment of the Galaxy loan. This early repayment came four months ahead of schedule, improving cash flow and strengthening the balance sheet.
Read all positive updates
Company Guidance
In the Q3 2024 earnings call, Argo Blockchain provided detailed guidance on its financial performance and strategic initiatives. The company reported mining 123 Bitcoin, generating $7.5 million in revenue for the quarter, and $36.7 million for the nine months ending September 30, 2024. The mining margin significantly decreased to 8% from 58% in the prior year due to lower Bitcoin prices and higher energy costs. Argo posted a net loss of $6.3 million for Q3 and $39.2 million for the first nine months of 2024, with adjusted EBITDA at negative $2.1 million for the quarter. The company successfully reduced its debt by $12.4 million, fully repaying the Galaxy loan. Looking ahead, Argo plans to diversify revenue streams by exploring a High Performance Computing (HPC) expansion at Baie-Comeau, which could add up to 23 megawatts of capacity. This strategic pivot aims to mitigate volatility in Bitcoin mining by tapping into growing markets like AI. Argo's capital allocation strategy will prioritize growth opportunities while maintaining financial discipline.Argo Blockchain Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.52M | 48.52M | 57.72M | 47.76M | 98.75M |
| Gross Profit | 287.00K | 1.46M | 3.10M | 9.03M | 69.22M |
| EBITDA | 12.02M | -33.04M | -2.95M | 1.68M | 68.65M |
| Net Income | 5.08M | -55.10M | -34.64M | -228.96M | 39.07M |
Balance Sheet | |||||
| Total Assets | 22.73M | 19.26M | 75.94M | 110.23M | 388.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.25M | 8.63M | 7.83M | 16.74M | 92.56M |
| Total Debt | 3.50M | 40.16M | 62.52M | 75.88M | 72.94M |
| Total Liabilities | 9.83M | 48.74M | 75.78M | 85.66M | 115.88M |
| Stockholders Equity | 12.90M | -29.48M | 158.00K | 24.58M | 272.27M |
Cash Flow | |||||
| Free Cash Flow | -25.13M | -44.80M | -49.07M | -209.28M | -225.20M |
| Operating Cash Flow | -25.01M | -44.80M | -47.96M | -101.24M | -37.02M |
| Investing Cash Flow | 17.63M | 55.07M | 50.80M | 17.32M | -183.07M |
| Financing Cash Flow | 1.05M | -9.32M | -15.78M | 84.18M | 233.06M |
Argo Blockchain Technical Analysis
Neutral
3.11
Price Trends
3.13
Negative
3.33
Negative
8.74
Negative
Market Momentum
-0.03
Negative
49.25
Neutral
36.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARBK, the sentiment is Neutral. The current price of 3.11 is above the 20-day moving average (MA) of 2.91, below the 50-day MA of 3.13, and below the 200-day MA of 8.74, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 49.25 is Neutral, neither overbought nor oversold. The STOCH value of 36.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ARBK.
Argo Blockchain Risk Analysis
Argo Blockchain disclosed 94 risk factors in its most recent earnings report. Argo Blockchain reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Argo Blockchain Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $7.73B | -5.67 | -48.36% | ― | 24.51% | -842.33% | |
48 Neutral | $562.59M | -1.85 | -46.72% | ― | 23.36% | -150.86% | |
47 Neutral | $234.98M | -2.00 | -81.89% | ― | 4.33% | -343.00% | |
41 Neutral | $43.90M | -0.96 | 21.74% | ― | ― | ― |
* Financial Sector Average
ARBK
Argo Blockchain
2.98
-57.88
-95.10%
RIOT
Riot Platforms
20.88
7.08
51.30%
BTBT
Bit Digital
1.59
-1.02
-39.08%
FUFU
BitFuFu
1.42
-2.53
-64.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.