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Argo Blockchain (ARBK)
NASDAQ:ARBK
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Argo Blockchain (ARBK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 24, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
Last Year’s EPS
Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 20, 2024
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% Change Since: -48.93%
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Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a cautiously optimistic outlook with a focus on financial discipline, debt reduction, and operational efficiency. Despite challenges such as reduced hash rate and post-halving economic pressures, Argo Blockchain plc emphasizes its strategic initiatives and growth mindset, particularly towards clean energy and operational flexibility.
Company Guidance
During the Q1 2024 earnings call for Argo Blockchain plc, executives Thomas Chippas and James MacCallum provided comprehensive guidance on the company's performance and strategic priorities. Argo generated approximately $17 million in revenue, a 4% increase from the previous quarter, attributed to elevated hash prices. They reported a cash position of $12.4 million, up from $7.4 million at the end of 2023, bolstered by a $10 million equity raise and the sale of the Mirabel facility for $6.1 million. The company mined 319 bitcoin, with a mining margin of 38%, an improvement from the 34% in Q4 2023. The adjusted EBITDA for Q1 2024 was $3.8 million, nearly doubling from the previous year. Argo's focus remains on financial discipline, operational excellence, and strategic growth, with continued efforts to reduce debt, which was decreased by $12 million in Q1. They also highlighted their commitment to clean energy and discussed ongoing opportunities for load-balancing through economic curtailment and potential collaborations with energy companies.
Increased Revenue and Cash Position
Generated approximately $17 million of revenue in Q1 2024, an increase of 4% from Q4 2023. Cash in hand increased to $12.4 million from $7.4 million at the end of 2023.
Successful Debt Reduction
Reduced debt by over $12 million during Q1 2024 through an equity raise and the sale of the Mirabel facility.
Operational Efficiency and Growth Mindset
Maintained a mining margin of 38%, up from 34% in Q4 2023. Focused on optimizing operations and exploring opportunities for growth, particularly in transitioning to clean energy.
Positive Impact of Economic Curtailment
Generated $0.6 million in power credits from economic curtailment in Texas, contributing to a favorable mining margin.
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Argo Blockchain (ARBK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

ARBK Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 24, 20252024 (Q4)
- / -
Nov 20, 20242024 (Q3)
-0.71 / -0.10
-0.250.00% (+0.10)
Aug 28, 20242024 (Q2)
-0.08 / -2.58
-0.15-1617.33% (-2.43)
May 23, 20242024 (Q1)
- / -
-0.18
Apr 25, 20242023 (Q4)
-0.07 / -0.10
-0.1844.44% (+0.08)
Nov 14, 20232023 (Q3)
-0.39 / -0.20
-0.2828.57% (+0.08)
Aug 29, 20232023 (Q2)
-0.18 / -0.15
-0.80481.34% (+0.65)
Jun 06, 20232023 (Q1)
- / -
0
Apr 28, 20232022 (Q4)
-0.44 / -0.18
0
Oct 31, 20222022 (Q3)
-0.30 / -
0.408
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARBK Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 20, 2024$1.17$1.12-4.27%
Aug 28, 2024$1.35$1.26-6.67%
May 23, 2024$1.45$1.37-5.52%
Apr 25, 2024$1.51$1.52+0.66%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Argo Blockchain (ARBK) report earnings?
Argo Blockchain (ARBK) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
    What is Argo Blockchain (ARBK) earnings time?
    Argo Blockchain (ARBK) earnings time is at Apr 24, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is ARBK EPS forecast?
          Currently, no data Available
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          Argo Blockchain (ARBK) Earnings News

          Argo Blockchain’s Q1 Revenues Improve on Higher Hash Rate
          Premium
          Market News
          Argo Blockchain’s Q1 Revenues Improve on Higher Hash Rate
          3y ago
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