Argo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. The company mines using purpose-built computers (or mining machines) to solve complex cryptographic algorithms (or verify or solve blocks) on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. Its mining fleet primarily consists of Bitmain Antminer S19, S19 Pro, S19J Pro, and ePIC BlockMiners, all of which utilize advanced application-specific-integrated-circuits (ASICs) designed specifically for cryptocurrency mining. Its fleet of miners is operational in its Quebec facility, with additional hosted sites in North America. Its Baie Comeau location is over 40,000 square feet and operates around 15 megawatts (MW). The Baie Comeau hydroelectric dam generates 100% renewable power. The firm's subsidiaries include Argo Innovation Labs Inc., Argo Operating US LLC, and Argo Holdings US Inc.
Follow-Up Questions
What is the price performance of ARBK stock?
The current price of ARBK is $0.2729, it has increased 2.32% in the last trading day.
What are the primary business themes or industries for Argo Blockchain PLC?
Argo Blockchain PLC belongs to Technology industry and the sector is Information Technology
What is Argo Blockchain PLC market cap?
Argo Blockchain PLC's current market cap is $19.5M
Is Argo Blockchain PLC a buy, sell, or hold?
According to wall street analysts, 3 analysts have made analyst ratings for Argo Blockchain PLC, including 0 strong buy, 0 buy, 3 hold, 2 sell, and 0 strong sell
