Argo Blockchain
Argo Blockchain plc, a prominent player in the cryptocurrency mining industry, is headquartered in Great Britain. Founded in 2017, the company has rapidly established itself as a leader in the sector, focusing on Bitcoin and cryptocurrency mining operations across North America and Europe. Argo Blockchain is renowned for its commitment to sustainable mining practices, utilising renewable energy sources to power its operations. This unique approach not only enhances efficiency but also aligns with the growing demand for environmentally responsible solutions in the blockchain space. With a strong market position, Argo Blockchain has achieved significant milestones, including a successful listing on the London Stock Exchange. The company continues to innovate, positioning itself at the forefront of the evolving cryptocurrency landscape.
DitchCarbon Score
How does Argo Blockchain's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Argo Blockchain's score of 25 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Argo Blockchain's reported carbon emissions
In 2023, Argo Blockchain, headquartered in Great Britain, reported total carbon emissions of approximately 232,932,000 kg CO2e. This figure includes 192,872,000 kg CO2e from Scope 2 emissions and 40,060,000 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to sustainability, having achieved climate positive status in 2021 by offsetting more greenhouse gas emissions than it emitted in 2020 and 2021. Argo's emissions in 2022 were about 216,960,000 kg CO2e, with Scope 2 emissions at 168,718,000 kg CO2e and Scope 3 emissions at 48,242,000 kg CO2e. In 2021, the total emissions were approximately 92,896,000 kg CO2e, comprising 61,077,000 kg CO2e from Scope 2 and 31,819,000 kg CO2e from Scope 3. The company has set near-term objectives to maintain its climate positive status, focusing on reducing Scope 1 and Scope 2 emissions through the use of renewable energy in its operations. These initiatives are part of a broader climate strategy that aims to further enhance its sustainability efforts by 2025. Argo Blockchain's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from its own operations.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 46,880,000 | 00,000,000 |
| Scope 3 | 10,389,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Argo Blockchain is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
