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    ARB   GB00BZ15CS02

ARGO BLOCKCHAIN PLC

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Argo Blockchain plc Announces an Update on Argo Labs

01/19/2022 | 02:00am EDT

Argo Blockchain Plc announced an update on Argo Labs, its in-house innovation arm established to identify opportunities within the disruptive and innovative sectors of the cryptocurrency ecosystem while supporting the decentralization of various blockchain protocols. Argo has allocated approximately 10% of the Company's crypto assets in its "HODL" to Argo Labs. Argo Labs is primarily focused on two key areas: network participation and strategic diversification through the efficient deployment of the Company's crypto treasury assets. Network participation consists of providing infrastructure support, running nodes and validators, and staking innovative projects. Efficient deployment of the Company's crypto treasury assets includes, among other things, supporting early-stage projects and participating in decentralized finance (DeFi), as well as the NFT & metaverse ecosystem, in each case in furtherance of the Company's general business operations.


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All news about ARGO BLOCKCHAIN PLC
05/09Argo Mining Revenue Declines in April
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05/09Argo Blockchain plc Provides the Following Operational Update for April 2022
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05/09Argo Blockchain plc Announces Promotion of Justin Nolan to Chief Growth Officer
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05/05Argo Blockchain's Flagship Mining Facility Set To Open In US
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05/05Shares in Argo Blockchain Rise After Opening of Flagship Mining Facility
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05/05Argo Blockchain plc Announces Energization & Official Opening of Helios Facility
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05/04Argo Secures $70.6 Million in Equipment Financing for Helios Mining Facility
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04/29HC Wainwright Lowers Argo Blockchain's Price Target to $16 From $25, Maintains Buy Rati..
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04/28Earnings Flash (ARB.L) ARGO BLOCKCHAIN Posts FY21 Revenue GBP74.2M
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04/28Earnings Flash (ARB.L) ARGO BLOCKCHAIN Posts FY21 EPS GBX7.40
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Financials
Sales 2022 104 M 128 M 128 M
Net income 2022 30,0 M 36,7 M 36,7 M
Net Debt 2022 97,9 M 120 M 120 M
P/E ratio 2022 5,49x
Yield 2022 -
Capitalization 235 M 288 M 288 M
EV / Sales 2022 3,19x
EV / Sales 2023 1,88x
Nbr of Employees 43
Free-Float 99,1%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 50,22 GBX
Average target price 227,85 GBX
Spread / Average Target 354%
EPS Revisions
Managers and Directors
Peter Wall Executive Chairman & Chief Executive Officer
Alex Appleton Chief Financial Officer
Sebastien Chalus Chief Scientific Officer
Perry Hothi Chief Technology Officer
Seif El-Bakly Chief Operating Officer
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