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 20 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 about 192,872,000 kg CO2e from Scope 2 emissions and approximately 40,060,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw emissions of about 216,960,000 kg CO2e, with Scope 2 contributing around 168,718,000 kg CO2e and Scope 3 accounting for approximately 48,242,000 kg CO2e. Despite these substantial emissions, Argo Blockchain has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As the blockchain industry faces increasing scrutiny regarding its environmental impact, Argo Blockchain's future climate strategies will be crucial in aligning with global sustainability goals.
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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 committed to any reduction initiatives 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.
