Name

Argo Blockchain

Legal name

Argo Blockchain PLC

Website

https://argoblockchain.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Cryptocurrency Mining

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Support Activities for Mining (213)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

akta.pro secondary industry

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG)

Keywords

• Cryptocurrency mining
• Bitcoin mining
• Blockchain infrastructure
• Renewable energy mining
• Data center operations

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel

Revenue model

1. Bitcoin Mining Revenue: Argo generates revenue through cryptocurrency mining, specifically Bitcoin. The company operates mining facilities that produce Bitcoin through SHA-256 proof-of-work validation. Revenue is derived from block rewards and transaction fees earned by the mining fleet. Operations are powered primarily by renewable energy sources including hydroelectric power in Quebec and wind energy in Texas.
2. High-Performance Computing (HPC) Hosting: Argo is diversifying into high-performance computing and AI data center infrastructure. The company is exploring opportunities in hosting AI workloads and data center services, leveraging existing power infrastructure and mining equipment capabilities.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Argo Blockchain operates large-scale Bitcoin mining infrastructure using SHA-256 proof-of-work across proprietary data centers in Quebec (Baie Comeau, 40,000+ sq ft, 15 MW, 100% hydroelectric) and Texas (Helios, 125,000 sq ft, 180 MW, wind-powered). The company delivers 1.7 EH/s of hashrate capacity and 50 MW of operational power, with a grid-responsive mining capability enabling real-time energy load balancing. Argo also operates Argo Labs for Web 3.0, DeFi and GameFi ecosystem participation and is diversifying into HPC and AI data center hosting.

Product overview

Argo Blockchain operates as a dual-listed (LSE and NASDAQ) blockchain technology company focused on large-scale Bitcoin mining. The company offers a unified mining platform with facilities in Quebec and Texas, powered primarily by renewable energy sources. Beyond core mining operations, Argo provides energy optimization services leveraging its flexible load infrastructure, while its Argo Labs division participates in Web 3.0, DeFi, and GameFi ecosystem projects. The company is also exploring diversification into high-performance computing (HPC) and AI data center infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Argo Labs: Division focused on Web 3.0, DeFi and GameFi projects contributing to cryptocurrency market development.

Products and services

• Bitcoin Mining Operations Large-scale SHA-256 cryptocurrency mining operations across proprietary data centers in Quebec (Baie Comeau, 100% hydroelectric) and Texas (Helios, wind-powered). Generates Bitcoin block rewards and transaction fees from 1.7 EH/s of hashrate capacity.
• Energy Optimization Services Grid balancing and demand response services that leverage Bitcoin mining's flexible load characteristics to support energy utilities and renewable energy integration. Enables real-time load adjustment for grid stability.
• Argo Labs (Web 3.0, DeFi and GameFi) Innovation division focused on Web 3.0, DeFi, and GameFi projects contributing to cryptocurrency market development through participation in various blockchain ecosystem initiatives.

Quantifiable outcome

• Bitcoin mining with 1.7 EH/s hashrate capacity
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• CoreWeavemajorChannel Partner/ Reseller/ DistributorCoreWeave is an AI data center provider that leases capacity from Galaxy Digital's Helios facility. This represents the broader industry trend of crypto mining companies pivoting to AI infrastructure hosting. Galaxy Digital's 15-year lease with CoreWeave is valued at approximately $720 million annually with 3% annual escalator.

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Marathon Digital Holdings: One of the largest publicly traded Bitcoin miners in North America. Directly comparable to Argo as a SHA-256 miner listed on a US exchange with a similar business model of converting energy to Bitcoin, but operating at materially larger hashrate scale.
• Riot Platforms: US-listed Bitcoin miner operating large-scale facilities in Texas with a focus on industrial-scale mining infrastructure. Comparable to Argo's historical Texas (Helios) operations and similar strategic positioning around power capacity and grid integration.
• CleanSpark: Public Bitcoin miner focused on energy-efficient operations across the US. Comparable to Argo's renewable-energy emphasis and similar exposure to Bitcoin price cycles and operating-cost discipline.
• Hut 8: Canadian-headquartered Bitcoin miner with diversified operations across mining and data center/AI hosting. Closely comparable to Argo's dual-jurisdiction model (US/Canada) and its pivot into HPC/AI infrastructure.
• Bitfarms: Public Bitcoin miner headquartered in Canada with North American facilities including Quebec operations. Overlaps with Argo's hydroelectric-powered Quebec mining strategy and similar small-cap public-miner profile.
• Hive Blockchain: Canadian-listed crypto miner that has rebranded toward AI/HPC cloud computing. Directly comparable to Argo's exploration of HPC and AI data center hosting as a strategic pivot from pure Bitcoin mining.
• Cipher Mining: US-listed Bitcoin miner focused on industrial-scale facilities in Texas with power-capacity-driven strategy. Comparable business model and competitive positioning to Argo's historical Helios-style development approach.
• Stronghold Digital Mining: Smaller US-listed Bitcoin miner with a focus on energy-from-waste operations. Comparable in scale and public-miner status to post-restructuring Argo, and similarly exploring HPC/AI opportunities on existing infrastructure.

Broad incumbents

• Galaxy Digital: Broad crypto-financial-services firm that acquired Argo's Helios facility for $65M and now operates it for AI/HPC tenants (CoreWeave). Comparable as both a former counterparty and as the benchmark for Argo's own HPC/AI pivot.

Emerging players

• CoreWeave: AI-cloud infrastructure provider that signed a 15-year, ~$720M/year lease at Galaxy's Helios facility (formerly Argo's). Relevant as both a potential customer for Argo's HPC pivot and a benchmark for the AI-hosting economics Argo is pursuing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ArgoBlockchain
• YouTubeyoutube.com/c/ArgoBlockchain

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds14 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Argo Blockchain