Argo Blockchain plc (NASDAQ:ARBK) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET Company Participants Markella Zarifi - Financial Communications Representative Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, ladies and gentlemen, and welcome to the Argo Blockchain plc Q3 Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. [Operator Instructions] I'd now like to hand over to Mark ...

Argo Blockchain plc (NASDAQ:ARBK) Q2 2024 Results Conference Call August 28, 2024 10:00 AM ET Company Participants Markella Zarifi - Financial Communications Representative Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Argo Blockchain plc Investor Presentation. Throughout this recorded meeting, investors will be in a listen-only mode. Questions are encouraged and can be submitted at any time by the Q&A tab situated on the right-hand corner of your screen. Simply t ...

Argo Blockchain PLC Sponsored ADR (ARBK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is track ...

The price trend for Argo Blockchain PLC Sponsored ADR (ARBK) has been bearish lately and the stock has lost 5% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not t ...

Argo Blockchain PLC Sponsored ADR (ARBK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Financial Data and Key Metrics Changes - In Q1 2024, the company generated approximately $17 million in revenue, a 4% increase from Q4 2023, primarily due to elevated hash prices [6][9] - Cash in hand at the end of Q1 2024 was $12.4 million, up from $7.4 million at the end of 2023 [6] - The mining margin percentage for Q1 2024 was 38%, an increase from 34% in Q4 2023 [9] - Adjusted EBITDA for Q1 2024 was $3.8 million, nearly doubling from the previous year [9] Business Line Data and Key Metrics Changes - The company mined 319 Bitcoin in Q1 2024, with an average direct cost per Bitcoin mined of approximately $32,000 [9] - The sale of the Mirabel facility for $6.1 million allowed for a reduction in operational expenses by about $700,000 annually [7][39] Market Data and Key Metrics Changes - The Bitcoin block subsidy decreased from 6.25 to 3.8 Bitcoin following the recent halving [4] - The network hash rate peaked at 654 exahash before the halving but dropped to 580 exahash shortly after [5] Company Strategy and Development Direction - The company is focused on financial discipline, operational excellence, and strategic partnerships as part of its R3 priorities [3] - There is an emphasis on transitioning to clean energy and integrating operational capabilities with energy companies [12] - The company aims to leverage its size to target smaller sites with unique power cost characteristics [19][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities despite the challenges posed by the recent halving and market volatility [3][4] - The company plans to continue practicing economic curtailment during high power prices to maintain mining margins [14][15] - Management highlighted the importance of maintaining a strong fiscal position while exploring growth opportunities [21][31] Other Important Information - The company executed an equity raise of nearly $10 million in January 2024 and used proceeds from the Mirabel sale to reduce debt [6][9] - The company has reduced its Galaxy debt significantly, from $35 million to approximately $12.8 million [31] Q&A Session Summary Question: Can you elaborate on the Galaxy relationship and mining during summer months? - The company can curtail operations during high power prices, generating power credits that reduce mining costs [14][15] Question: Will Argo invest in infrastructure again or only focus on machines? - The company is open to both hosted machines and infrastructure investments, evaluating opportunities on a case-by-case basis [17] Question: What growth opportunities is Argo seeking? - The company is looking for smaller sites with unique power characteristics but cannot disclose specific details at this time [19] Question: How does Argo plan to return to growth while balancing debt obligations? - The company aims to optimize operational efficiency and leverage strategic partnerships while maintaining fiscal responsibility [21] Question: Can you speak to power prices for the second quarter? - Power prices are expected to be volatile, influenced by summer demand, and the company will remain agile to capitalize on economic curtailment [23][24] Question: Does Argo have plans to branch into AI data centers? - The company has explored the possibility but remains focused on Bitcoin mining operations for now [26] Question: How is management approaching capital allocation strategy? - The company will balance expense management with fleet upgrades, considering hash price and energy costs [28][29] Question: What are your plans for increasing efficiency and reducing downtime? - The company is focused on maintaining uptime and improving operational efficiency, with a 5% increase in daily Bitcoin production noted [34] Question: What is the current hash rate across all facilities? - The hash rate capacity at Baie Comeau is about 300 petahash, while Helios has approximately 2.4 exahash [36] Question: What was the thought process around selling the Mirabel facility? - The sale price was favorable, and it allowed for operational consolidation, reducing overhead and maintaining hash rate capacity [38][39]

Financial Reporting and Accounting - The company reported a fiscal year-end on December 31, with financial statements prepared in accordance with IFRS[9] - Financial information is presented in U.S. dollars, with all references to "$" indicating U.S. dollars[9] - Changes in financial accounting standards could significantly affect the company's reported financial results and investor confidence[120] - The company may incur extraordinary, non-recurring expenses due to potential regulatory requirements imposed by the CFTC related to its mining activities and transactions in Bitcoin and digital assets[196] Market and Industry Risks - The company acknowledges the volatility of cryptocurrency markets, which can significantly impact financial performance[16] - The company has experienced significant fluctuations in operating results due to the highly volatile nature of digital assets, which are influenced by market sentiments and broader blockchain ecosystem movements[43] - The company's total revenue and cash flow are heavily reliant on the market value of digital assets and the volume of assets mined; any decline in these factors could adversely impact financial performance[45] - The company may experience financial exposure due to volatility in the Bitcoin market, which could lead to liquidity shortages if not properly hedged[56] - The acceptance and widespread use of digital assets remain uncertain, contributing to price volatility and potential adverse effects on investments[76] - The emergence of central bank digital currencies (CBDCs) could compete with Bitcoin, potentially impacting its market position[65] - The transition of digital asset networks from proof-of-work to proof-of-stake could negatively impact the company's competitiveness in the mining sector[36] - The company faces potential adverse impacts from regulatory changes affecting digital asset activities, which could influence demand and market value[52] Operational Challenges - The company is focused on expanding its digital asset ecosystem, which includes various stakeholders and technologies[22] - The report outlines the risks associated with mining difficulty and network performance, which can affect operational outcomes[26] - The company generates nearly all revenue from cryptocurrency rewards and transaction fees, making it vulnerable to fluctuations in cryptocurrency prices and market liquidity[46] - The company may face challenges in raising additional capital needed for growth, especially after experiencing significant losses in the cryptocurrency market[40] - The company relies on third-party custodians for digital asset storage, exposing it to potential security threats that could result in asset loss[35] - The company is subject to extensive regulatory oversight, and any adverse changes in laws or regulations could affect its business operations and financial condition[158] - The company may face significant fines and regulatory consequences if it fails to comply with evolving laws and regulations related to digital assets, which could adversely affect its business and financial condition[161] Cybersecurity and Technology Risks - Cybersecurity threats and breaches could materially affect the company's operations and financial condition, with increasing costs for protection against such threats[61] - The company relies on third parties for the security of digital assets, and any security breaches could adversely affect the value of its ADSs[122] - The company faces risks related to technological obsolescence and supply chain disruptions for cryptocurrency mining hardware, which may negatively affect operations[133] - The development of new technologies for mining digital assets could affect network security and the value of digital assets[82] Strategic and Competitive Landscape - Competition in the digital asset industry is intense, with competitors having advantages such as greater financial resources and established relationships[62] - The company is actively considering strategic opportunities, including acquisitions and joint ventures, but cannot guarantee successful outcomes or favorable terms[71] - Future acquisitions may lead to integration challenges and potential liabilities, negatively impacting cash flows and financial condition[71] - The company plans to continue making acquisitions and investments, which may disrupt operations and affect financial results[70] Regulatory Environment - The SEC has taken the position that certain digital assets may be classified as securities, which could adversely affect the trading value and liquidity of such assets[185] - The classification of digital assets as securities varies by jurisdiction, potentially leading to different regulatory obligations and implications for trading and mining[188] - Future developments regarding the treatment of cryptocurrencies for tax purposes remain uncertain, which could adversely impact the company's business and the broader cryptocurrency market[190] - The company may be classified as an investment company under the Investment Company Act if its digital assets are deemed securities, which would require registration with the SEC[187] Environmental and Supply Chain Risks - Climate change poses uncertain risks that could materially impact operational costs and financial performance due to extreme weather events and disruptions in supply chains[139] - The company’s mining operations could be adversely affected by price fluctuations in the wholesale and retail power markets, which are unpredictable and influenced by various external factors[153] - The company may have difficulty finding suitable mining facilities that meet operational requirements at acceptable costs, potentially impacting financial position and growth opportunities[156] Legal and Compliance Risks - The company is subject to ongoing litigation, including a class action lawsuit, which could divert management attention and incur significant costs[69] - Violations of anti-corruption and anti-money laundering laws could result in severe penalties, adversely affecting the company's reputation and financial condition[176] - The company may inadvertently engage in transactions with sanctioned entities due to the pseudonymous nature of blockchain transactions, which could lead to legal repercussions[172] - The company faces increased obligations to comply with various international laws and regulations as it expands its operations, which may lead to overlapping investigations by multiple regulatory authorities[182]

ARGO BLOCKCHAIN FY 2023 Results April 25, 2024 argoblockchain.com 1 NASDAQ: ARBK; LSE: ARB LEGAL DISCLAIMERS Forward Looking Statements Non-IFRS Measures This presentation contains inside information and includes forward-looking statements This presentation contains references to certain non-IFRS measures including Adjusted which reflect the Company's current views, interpretations, beliefs or expectations with EBITDA and mining margin, each of which are not recognized under International respect to the Com ...

Argo Blockchain plc (NASDAQ:ARBK) Q4 & FY 2023 Results Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Tom Divine – Vice President-Investor Relations and FP&A Thomas Chippas – Chief Executive Officer Jim MacCallum – Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to the Argo Blockchain plc Investor Presentation. Throughout this recorded presentation investors will be in listen-only mode. Questions are encouraged and can be submitted at any t ...

The fourth Bitcoin (BTC-USD) halving, scheduled for mid-April 2024, is poised to significantly impact the crypto market. Understanding how the halving will impact Bitcoin price dynamics and crypto mining is critical, especially when choosing which stocks to sell after the halving.The three picks we will explore focus on different niches. Two are crypto miners, and one is a company that feels Bitcoin is better than gold. Assuming that the price of Bitcoin stays stable, the two miners will see an immediate de ...