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Argo Blockchain

Crypto miningUK
📉 Public < $1B
Peak $1.4 BillionToday
−96%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1.4 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$50.9M
Current status
Public (LSE/Nasdaq: ARB/ARBK); market cap a fraction of peak after a ~90% crash.
Live · ARBK· NasdaqCM
as of 2026-06-29
$3.48▼ 1.47% today
≈ $50.9 Million market cap · −96.4% from peak

How it happened

Argo Blockchain is a UK-based Bitcoin miner that listed in London and later on Nasdaq, with its market value topping roughly $1.4B near the crypto peak in late 2021. Surging energy costs and the 2022 crypto bear market crushed both Bitcoin's price and Argo's stock, which fell about 92% over the year. After failing to raise $27M from a strategic investor in October 2022, Argo staved off bankruptcy that December by selling its flagship Helios mining facility in Texas to Galaxy Digital for $65M and taking a $35M loan — leaving its market capitalisation a small fraction of its peak.

Source: CoinDesk / TechCrunch (Nasdaq ATH ~$30/ADS Nov 2021, ~$1.4B market cap; shares -92% in 2022; sold Helios facility to Galaxy Digital for $65M + $35M loan Dec 2022 to avoid bankruptcy)

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