Argo Blockchain plc, a prominent player in the computer and related services industry, is headquartered in Great Britain. Founded in 2017, the company has rapidly established itself as a leader in cryptocurrency mining and blockchain technology, focusing on sustainable and efficient operations. With major operational regions spanning North America and Europe, Argo Blockchain is committed to harnessing renewable energy sources to power its mining facilities.
The company offers a range of services, including cryptocurrency mining and blockchain solutions, distinguished by its innovative approach to energy efficiency. Argo Blockchain has achieved significant milestones, including a successful listing on the London Stock Exchange, positioning itself as a key contributor to the evolving digital asset landscape. With a strong market presence, Argo Blockchain continues to drive advancements in the cryptocurrency sector while prioritising sustainability.
-12 vs industry average
Argo Blockchain’s score of 28 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Computer Services is among the least carbon-intensive industries
Industry performance
The Computer Services industry has reduced its overall emissions by 19% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Argo Blockchain's reported carbon emissions
Argo Blockchain, a company in the Computer and related services industry (72) headquartered in Great Britain (GB), has outlined significant climate commitments. For the reporting year 2023, Argo Blockchain reported a total of approximately 232.9 million kg CO2e (metric tons CO2e). This comprised approximately 200 million kg CO2e in Scope 2 emissions, primarily from purchased electricity (around 192.9 million kg CO2e). Scope 3 emissions for the same year were approximately 50 million kg CO2e, with notable contributions from fuel and energy-related activities (about 26.5 million kg CO2e) and capital goods (about 12.7 million kg CO2e). In 2022, the company's total emissions were approximately 217 million kg CO2e. This included about 150 million kg CO2e in Scope 2 emissions, with purchased electricity accounting for roughly 168.7 million kg CO2e. Scope 3 emissions for 2022 were approximately 40 million kg CO2e, with fuel and energy-related activities contributing about 24.8 million kg CO2e and capital goods around 21.5 million kg CO2e. For 2021, Argo Blockchain reported total emissions of approximately 92.9 million kg CO2e. Scope 2 emissions were approximately 61.1 million kg CO2e, mainly from purchased electricity. Scope 3 emissions for 2021 were approximately 31.8 million kg CO2e, with capital goods (about 20.6 million kg CO2e) and fuel and energy-related activities (around 7.7 million kg CO2e) being significant components. The company's emissions intensity, measured in kg CO2e per $1 of revenue, was approximately 3.96 in 2023 and approximately 2.56 in 2022. In 2021, the emissions intensity was approximately 0.62 kg CO2e per $1 of revenue. Argo Blockchain has a stated objective of being a "climate positive" company, a goal it announced it reached in 2021. This status was achieved by utilising renewable energy to power its mining operations and by offsetting more Scope 2 and Scope 3 greenhouse gas emissions than were emitted in 2020 and 2021. The company has set near-term targets, aiming for climate neutrality for Scope 1 and Scope 2 emissions between 2023 and 2025.
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Argo Blockchain’s Climate Goals (2030 & 2050)
2 goals2025
In 2020, Argo set the objective of being a climate positive…
In 2020, Argo set the objective of being a climate positive company and in 2021 Argo reached this goal, releasing a full climate strategy an…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Argo Blockchain
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