Argo Blockchain plc American Depositary Shares (ARBK)

FairStock Score: 20/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I want a business with durable earning power and a margin of safety. Argo Blockchain is a bitcoin miner, not a bank, though it is classified under financial services. It has 20 employees, a $1.2 million market cap, and a stock that closed at $1.90 on 2026-10-13. The latest filed quarter, fiscal Q4 2024, showed $11.8 million of revenue and a $15.9 million net loss, a -135.02% margin. That is not a profitable enterprise; it is a commodity play burning capital. The FairStock calculations show a P/E of 0.38 and P/B of 1.96. The P/E looks absurdly cheap, but it rests on EPS of $4.97 while the latest quarter is deeply negative, so I treat that optical cheapness as a warning, not a bargain. ROCE is -28.51%, the Piotroski F-Score is 2/9, and the FairStock Score is 20/100. Debt-to-equity is 0.27, which is not extreme, but weak returns and negative margins matter more. I see no moat: bitcoin mining is fungible, and Argo has no pricing power. The 52-week range of $1.90 to $129.38 and beta of 1.94 show how violent the speculation has been. Revenue and profit growth are not available, and FairStock assigns no Lynch category because only zero years of filed results exist versus the three needed. This is classified as a financial company, but CET1, net interest margin, and combined ratio are not in the data; those bank-specific measures would not tell us much about a crypto miner anyway. Without consistent earnings, I cannot call this a sound value investment.

In plain English: Argo Blockchain is a small London-based company that mines bitcoin and other crypto assets. Its latest reported quarter showed $11.8 million of revenue but a $15.9 million net loss, so the business looks weak and unprofitable. At $1.90 a share and a market value of about $1.2 million, the price is hard to call cheap because the reported numbers are inconsistent and the company is losing money.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer