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Argo Blockchain (ARBKF)
OTHER OTC:ARBKF
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -38.50%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with notable achievements in revenue growth, improved cash position, and significant debt reduction. However, challenges such as decreased hash rate and the impact of bitcoin halving on mining margins were also noted. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Argo Blockchain plc Q1 2024 earnings call, guidance was provided on several financial and operational metrics. The company reported generating approximately $17 million in revenue, marking a 4% increase from Q4 2023, partly driven by an elevated hash price. The cash on hand at the end of Q1 stood at $12.4 million, up from $7.4 million at the end of 2023, supported by an equity raise of nearly $10 million and the sale of the Mirabel facility for $6.1 million. These activities helped reduce debt owed to Galaxy by over $12 million. The company mined 319 bitcoin with a mining margin of 38%, up from 34% in the previous quarter. Direct cost per bitcoin mined was around $32,000. The hash rate saw a slight reduction from 2.8 to 2.7 exahash due to the decommissioning of older machines, though 2.4 exahash remains operational in Texas. Argo plans to continue economic curtailment during high power price periods and explore strategic growth opportunities, focusing on operational efficiency and clean energy initiatives.Revenue Growth
Generated approximately $17 million of revenue in Q1 2024, an increase of 4% from the last quarter of 2023.
Improved Cash Position
Cash in hand increased to $12.4 million at the end of Q1 2024, up from $7.4 million at the end of 2023.
Debt Reduction
Reduced debt by over $12 million during the first quarter of 2024 through strategic transactions including an equity raise and sale of the Mirabel facility.
Mining Margin Increase
Mining margin increased to 38% in Q1 2024, up from 34% in Q4 2023.
Strong Economic Curtailment
Generated $0.6 million in power credits from economic curtailment in Texas, contributing to a mining margin of 38%.
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ARBKF Earnings History
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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ARBKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $0.10 | $0.10 | 0.00% |
| Aug 28, 2024 | $0.12 | $0.13 | +8.33% |
| May 23, 2024 | $0.15 | $0.14 | -6.67% |
| Apr 25, 2024 | $0.13 | $0.12 | -7.69% |
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 (ARBKF) report earnings?
Argo Blockchain (ARBKF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Argo Blockchain (ARBKF) earnings time?
Argo Blockchain (ARBKF) 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 ARBKF EPS forecast?
Currently, no data Available
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