Argo Blockchain GAAP EPS of -$0.01 beats by $0.13, revenue of $7.46M misses by $1.59M

seekingalpha

2024-11-20

Argo Blockchain press release (NASDAQ:ARBK): Q3 GAAP EPS of -$0.01 beats by $0.13.
Revenue of $7.46M (-28.3% Y/Y) misses by $1.59M.
Total Bitcoin mined in the quarter was 123, or 1.3 BTC per day.
Adjusted EBITDA of negative $2.1 million and positive $3.9 for the three months ended 30 September 2024, compared to positive EBITDA of $2.4 million for the prior year periods.
The company ended the quarter with cash of $2.5 million and held four BTC or BTC Equivalent.
Reduced debt by $12.4 million during the quarter, including the full repayment of the Galaxy loan.

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