Argo Blockchain plc (NASDAQ:ARBK), together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.
Argo Blockchain runs an efficient mining infrastructure from its headquarters in London and state of the art facilities in North America. As a result, the company reported impressive mining growth in November, increasing about 15% compared to the previous month.
As of January 2022, the consensus among 7 Wall Street analysts, 3 analysts have a strong buy and 4 analysts have a buy rating for ARBK. They also have an average price target of $24.29 for ARBK. Argo Blockchain has a better (Return On Equity) ROE than the average (9.5%) in the Software industry. This is a good sign that the company is doing well.