About Argo Blockchain
Argo Blockchain is a company based in London (United Kingdom) founded in 2017 was acquired by Galaxy in February 2023.. The company has 16 employees as of December 31, 2024. Argo Blockchain offers products and services including Bitcoin Mining Services and Energy Optimization. Argo Blockchain operates in a competitive market with competitors including Arkon Energy, Stronghold Digital Mining, Mawson Infrastructure Group, TeraWulf and Gridless, among others.
- Headquarter London, United Kingdom
- Employees 16 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Argo Blockchain Plc
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Annual Revenue
$47.57 M (USD)-18.24as on Dec 31, 2024
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Net Profit
$-54.03 M (USD)-54.76as on Dec 31, 2024
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EBITDA
$1.94 M (USD)-49.69as on Dec 31, 2024
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Latest Funding Round
$40 M (USD), Post-IPO
Mar 04, 2025
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Investors
Galaxy
& 2 more
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Employee Count
16
as on Dec 31, 2024
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Acquired by
Galaxy
(Feb 09, 2023)
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IPO & Listings of Argo Blockchain
Argo Blockchain is a publicly listed company on the LSE with ticker symbol ARB in UK, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Argo Blockchain
Argo Blockchain offers a comprehensive portfolio of products and services, including Bitcoin Mining Services and Energy Optimization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for mining Bitcoin with renewable energy sources
Tools for optimizing energy in mining operations
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Funding Insights of Argo Blockchain
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $40.0M
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First Round
First Round
(18 Feb 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Post-IPO - Argo Blockchain | Valuation |
investors |
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| Dec, 2024 | Amount | Post-IPO - Argo Blockchain | Valuation |
investors |
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| Jul, 2024 | Amount | Post-IPO - Argo Blockchain | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Argo Blockchain
Argo Blockchain has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Galaxy, NYDIG and Caledonian Holdings PLC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in Europe are managed by Vela Technologies.
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Founded Year | Domain | Location | |
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Galaxy is recognized as a leader in digital assets and data center infrastructure.
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Founded Year | Domain | Location | |
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Services for cryptocurrency investing, lending, and borrowing are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Argo Blockchain
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Argo Blockchain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Argo Blockchain Comparisons
Competitors of Argo Blockchain
Argo Blockchain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Arkon Energy, Stronghold Digital Mining, Mawson Infrastructure Group, TeraWulf and Gridless, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainable Bitcoin mining is powered by excess renewable energy.
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| domain | founded_year | HQ Location |
Crypto mining is powered by energy from coal refuse conversion.
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| domain | founded_year | HQ Location |
Digital asset mining infrastructure and hosting services are offered.
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| domain | founded_year | HQ Location |
Sustainable cryptocurrency mining is facilitated via an online platform.
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| domain | founded_year | HQ Location |
Sustainable Bitcoin mining solutions are provided by the Gridless platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Argo Blockchain
Frequently Asked Questions about Argo Blockchain
When was Argo Blockchain founded?
Argo Blockchain was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Argo Blockchain located?
Argo Blockchain is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Argo Blockchain?
Thomas Chippas is the current CEO of Argo Blockchain.
How many employees does Argo Blockchain have?
As of Dec 31, 2024, the latest employee count at Argo Blockchain is 16.
What is the annual revenue of Argo Blockchain?
Annual revenue of Argo Blockchain is $47.57M as on Dec 31, 2024.
What does Argo Blockchain do?
Argo Blockchain was established in 2017 in London, United Kingdom, within the blockchain sector. Operations center on sustainable Bitcoin mining, powered by hydroelectric resources. The Equihash algorithm is utilized for ZCash mining, an alternative cryptocurrency. Blockchain technology growth is supported through development initiatives. The company maintains a focus on environmental considerations in its mining practices.
Who are the top competitors of Argo Blockchain?
Argo Blockchain's top competitors include TeraWulf, Mawson Infrastructure Group and Arkon Energy.
What products or services does Argo Blockchain offer?
Argo Blockchain offers Bitcoin Mining Services and Energy Optimization.
Is Argo Blockchain publicly traded?
Yes, Argo Blockchain is publicly traded on LSE under the ticker symbol ARB.
Who are Argo Blockchain's investors?
Argo Blockchain has 3 investors. Key investors include Galaxy, NYDIG, and Caledonian Holdings PLC.
What is Argo Blockchain's ticker symbol?
The ticker symbol of Argo Blockchain is ARB on LSE.
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