Argo Blockchain Plc Files March Operational Update

TL;DR

Argo Blockchain dropped its March operational update on 4/5/24 - check the numbers for mining performance.

AI Summary

Argo Blockchain plc filed a Form 6-K on April 5, 2024, providing an operational update for March 2024. The filing details the company's cryptocurrency mining activities, including Bitcoin mined and energy consumed. Specific figures for Bitcoin mined in March were not explicitly stated in the provided text, but the filing indicates ongoing operations.

Why It Matters

This filing provides investors with a regular update on Argo Blockchain's operational performance in cryptocurrency mining, which directly impacts its revenue and financial health.

Risk Assessment

Risk Level: medium — Cryptocurrency mining is inherently volatile due to fluctuating crypto prices and operational costs, posing a medium risk to Argo Blockchain's financial stability.

Key Players & Entities

• Argo Blockchain plc (company) — Registrant
• April 5, 2024 (date) — Filing Date
• March 2024 (date) — Reporting Period
• 16 GREAT QUEEN STREET (location) — Business Address
• London (location) — Business Address City

FAQ

Key Financial Figures

• $7.0 m — ining revenue in March 2024 amounted to $7.0 million, an increase of 55% compared to t
• $4.5 million — ared to the prior month (February 2024: $4.5 million).   As of 31 March 2024, the C

Filing Documents

• a4139j.htm (6-K) — 31KB
• 0001654954-24-004276.txt ( ) — 32KB

forward-looking statements which reflect the Company's current

forward-looking statements which reflect the Company's current views, interpretations, beliefs or expectations with respect to the Company's financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company operates. "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking because they relate to events that may or may not occur in the future, including the risk that the Company may receive the benefits contemplated by its transactions with Galaxy, the Company may be unable to secure sufficient additional financing to meet its operating needs, and the Company may not generate sufficient working capital to fund its operations for the next twelve months as contemplated. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company's actual results, prospects and performance to differ materially from those indicated in these prospects and performance are consistent with the forward-looking indicative of results in subsequent periods. These forward-looking to any obligations under the Prospectus Regulation Rules, the Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency Rules and except as required by the 

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Date: 5 April, 2024 ARGO BLOCKCHAIN PLC By: /s/ Jim MacCallum Name: Jim MacCallum Title: Chief Financial Officer      

View Full Filing

View this 6-K filing on SEC EDGAR