Argo Blockchain

Argo Blockchain, a UK-headquartered company in the Computer and related services sector, reported approximately 232,932,000 kg CO2e in total emissions for 2023. This included about 200,000,000 kg CO2e from Scope 2 emissions, primarily from purchased electricity (approximately 192,872,000 kg CO2e). Scope 3 emissions in 2023 were around 50,000,000 kg CO2e, with significant contributors being capital goods (approximately 12,727,000 kg CO2e), purchased goods and services (approximately 508,000 kg CO2e), fuel and energy-related activities (approximately 26,486,000 kg CO2e), and upstream transportation and distribution (approximately 339,000 kg CO2e). No Scope 1 emissions data were disclosed for 2023.

For 2022, total emissions were around 216,960,000 kg CO2e, comprising approximately 150,000,000 kg CO2e in Scope 2 emissions (with purchased electricity accounting for about 168,718,000 kg CO2e) and roughly 40,000,000 kg CO2e in Scope 3 emissions. Key Scope 3 categories included capital goods (approximately 21,525,000 kg CO2e), purchased goods and services (approximately 1,882,000 kg CO2e), fuel and energy-related activities (approximately 24,752,000 kg CO2e), and upstream transportation and distribution (approximately 83,000 kg CO2e).

Argo Blockchain aimed to be a climate-positive company by 2021, a goal they state they achieved by offsetting more Scope 2 and 3 greenhouse gas emissions than they emitted in 2020 and 2021, primarily through the use of renewable energy to power mining operations. The company set a near-term climate-neutral target for Scope 1 and Scope 2 emissions, with a start year of 2023 and a target year of 2024, continuing through 2025. There are no disclosed emissions data for 2024.