Mines Bitcoin and other crypto assets using purpose-built computers.
Dec 2024Revenue $47.0M/yrExpenses $62.3M/yr
Fell below break-even Sep 2022Cash runway ≈ 2 months from Dec 2024
Figures by year
When will Argo Blockchain be profitable again?
Its expenses passed its revenue in Sep 2022. In the 12 months to Dec 2024, revenue was $47.0M and expenses $62.3M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2024 | $47.0M | $62.3M | −$15.3M |
| Dec 2023 | $50.6M | $70.3M | −$19.7M |
| Dec 2022 | $58.6M | $85.3M | −$26.7M |
| Dec 2021 | $98.7M | $43.8M | $54.9M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.