Argo Blockchain Plc Reports Q3 Results

TL;DR

Argo Blockchain dropped its Q3 results, check the 6-K for the crypto mining numbers.

AI Summary

Argo Blockchain plc filed a Form 6-K on November 20, 2024, reporting its third-quarter results. The filing provides an update on the company's financial performance and operational status for the period ending September 30, 2024. Specific financial figures for the quarter are detailed within the report.

Why It Matters

This filing provides investors with crucial financial and operational updates for Argo Blockchain, a key player in the cryptocurrency mining sector, impacting their investment decisions.

Risk Assessment

Risk Level: medium — The cryptocurrency market is inherently volatile, and Argo Blockchain's performance is closely tied to fluctuations in crypto prices and operational costs.

Key Players & Entities

• Argo Blockchain plc (company) — Filer of the report
• 001-40816 (company) — SEC File Number
• 20241120 (date) — Filing date
• November, 2024 (date) — Reporting period for the Form 6-K
• Eastcastle House 27/28 Eastcastle Street London W1W 8DH England (address) — Principal executive office address

FAQ

Key Financial Figures

• $7.5 million — 5CF;     Revenue of $7.5 million and $36.7 million for the three and nin
• $36.7 million — #xA0;  Revenue of $7.5 million and $36.7 million for the three and nine months ended 30
• $10.4 million — ptember 2024, respectively, compared to $10.4 million and $34.4 million for the prior year pe
• $34.4 million — ectively, compared to $10.4 million and $34.4 million for the prior year periods ●&#
• $6.3 million — CF;     Net loss of $6.3 million and $39.2 million for the three and nin
• $39.2 million — xA0;  Net loss of $6.3 million and $39.2 million for the three and nine months ended 30
• $9.9 million — , respectively, compared to net loss of $9.9 million and $26.1 million for the prior year pe
• $26.1 million — ompared to net loss of $9.9 million and $26.1 million for the prior year periods. ●&
• $2.1 million — #xA0;  Adjusted EBITDA of negative $2.1 million and positive $3.9 for the three and nin
• $3.9 — A of negative $2.1 million and positive $3.9 for the three and nine months ended 30
• $2.4 million — ctively, compared to positive EBITDA of $2.4 million and $5.2 million for the prior year per
• $5.2 million — to positive EBITDA of $2.4 million and $5.2 million for the prior year periods. ●&
• $2.5 million — Company ended the quarter with cash of $2.5 million and held four BTC or BTC Equivalent.
• $12.4 million — #xA0;    Reduced debt by $12.4 million during the quarter, including the full

Filing Documents

• a8641m.htm (6-K) — 171KB
• 0001654954-24-014687.txt ( ) — 172KB

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: 20 November, 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