Argo Blockchain (LON:ARB)

Argo Blockchain (LON:ARB)

Share Price
7.75 p
-0.3 (-3.73 %)
Market Cap
£22.77 m
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Argo Blockchain

Argo Blockchain plc is a global data centre management business that provides a low-cost, flexible and user-friendly platform for the mining of leading crypto-currencies. Our cloud-based Mining as a Service (Maas) platform is available at scale to anyone, anywhere in the world on a monthly subscription.  It empowers consumers without significant technical knowledge of crypto-mining,...

Market: LSE:ARB
52-week High/Low: 17.00p / 2.55p
Sector: Blockchain
Market Cap: £22.77 m
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Big Picture – A Deep Dive Examination of Argo Blockchain

Argo Blockchain Snapshot

• Argo’s mission is to democratize mining of crypto-currencies and become a leading provider of mining as a service to home miners.

• The Company’s cloud-based platform enables customers to efficiently mine Ethereum and other altcoins from their own computer or mobile device. With just a click of a button and a transparent monthly fee, our users can immediately select which coin(s) they want to mine.

• Our service provides immediate access to Argo's cutting-edge mining rigs, which seamlessly perform the complex crypto-mining operations for our users and then directly deposit all coins mined into users’ digital wallets.

• Argo’s team are veterans of the technology world who know that the availability of efficient and affordable mining is key in supporting the widespread success of cryptocurrency. We’re excited to build an inclusive community of miners to embark on this journey with us!


The Company is targeting a global market from headquarters in London, UK and an operational centre in Quebec, Canada.

Canada, China and Northern Europe.


Mike Edwards (Executive Chairman)

Mike Edwards has launched and invested in technology companies for over 20 years. Mike invests in smart people with big ideas, and thrives on helping other entrepreneurs turn a napkin sketch into a prosperous business. He has invested in more than 40 technology startups including Punch’d, which was sold to Google, Summify, which was acquired by Twitter, Wander, which was acquired by Yahoo, AreaConnect, which was sold to Marchex, Wylie Interactive, which was acquired by Zynga, and PasswordBox, which was acquired by Intel.

Mike co-founded Growlab, a seed stage accelerator focussing on consumer facing digital product, which later merged with Extreme Startups to create Canada’s Highline accelerator, and co-founded and is a board member of Creative Labs, a venture capital backed startup foundry that builds consumer technology companies by leveraging the Creative Artist Agency’s access to talent and audience.

Mike is the Company’s President and is responsible for designing and implementing business operations of the Company including mining, software development and all marketing. The President establishs policies that promote company culture and vision and oversees all operations of the company globally. The President acts as a direct liaison between the Board and management of the Company and communicates to the Board on behalf of management.

Timothy Le Druillenec (CFO)

Timothy is a Fellow of the Chartered Institute of Management Accountants and has provided management consultancy and accounting services to numerous public and private companies. Tim is currently Finance Director of Dukemount Capital PLC, a Main Market listed property company which acquires, develops and manages portfolios of property and was most recently Finance Director of Hemogenyx Pharmaceuticals PLC.

Tim is the Company’s CFO and is primarily responsible for managing the financial risks of the Company and for financial planning and record-keeping, as well as financial reporting to higher management.

Gil Penchina (Non-Executive Director)

Gil is a seasoned investor who has invested in LinkedIn, PayPal, Cruise Automotive, Dollar Shave Club, Hooked, Wealthfront, AngelList, Indiegogo, Fastly and others. Gil is currently a partner at Ridge Ventures, formerly IDG Ventures USA.

Prior to this, Gil was a board member at Fastly, the CEO of, a wiki hosting service which derived its revenue from advertising and sold content and became a top 50 web property and previously worked for eBay where he held a number of roles progressing from Manager in Business Development to VP and General Manager, International with responsibility for France, Italy, Spain, Poland and Eastern Europe and Expansion in Europe.

Gil is responsible for overseeing the Company’s strategy on cryptocurrencies and funding.

Significant Shareholders

As of today's date, as far as the Directors are aware, the following shareholders are Company Directors or interested in 3% or more of the issued share capital of the Company.

Click here to view the table.

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Registered Office - Room 4, 1st Floor, 50 Jermyn Street, London, United Kingdom

Corporate Broker - Mirabaud Securities Limited, 10 Bressenden Place, London, SW1E 5DH, United Kingdom

UK Solicitors to the Company - Fladgate LLP, 16 Great Queen Street, London, WC2B 5DG, United Kingdom

Auditors and Reporting Accountants - PKF Littlejohn LLP, 1 Westferry Circus, Canary Wharf, London, E14 4HD, United Kingdom

Registrar - Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS13 8AE, United Kingdom

Public Relations - Tancredi Group, Berkeley Square House, Berkeley Square, Mayfair, London W1J 6BD, UK, +44 20 7887 7632, [email protected]

Have a question? We're here to help.

Email us at [email protected] or send us a message via the contact form in the bottom of this link.

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