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 30 is lower than 44% 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 has below-average carbon intensity
Industry performance
The Computer Services industry has reduced its overall emissions by 11% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Argo Blockchain's reported carbon emissions
Argo Blockchain, a company operating in the computer and related services industry with its headquarters in Great Britain, has set ambitious climate goals. In 2020, the company established an objective to be a climate-positive entity, a status it achieved in 2021. This was accomplished through a comprehensive climate strategy that involved utilising renewable energy for its mining operations and offsetting more Scope 2 and Scope 3 greenhouse gas emissions than were emitted in 2020 and 2021.
For the reporting year 2023, Argo Blockchain reported total emissions of approximately 232.9 million kg CO2e. This comprised about 200 million kg CO2e in Scope 2 emissions, with purchased electricity accounting for approximately 192.9 million kg CO2e. Scope 3 emissions for the same year were approximately 50 million kg CO2e, with significant contributions from capital goods (around 12.7 million kg CO2e) and fuel and energy-related activities (about 26.5 million kg CO2e).
In the preceding year, 2022, total emissions were around 217 million kg CO2e. Scope 2 emissions stood at approximately 150 million kg CO2e, with purchased electricity being about 168.7 million kg CO2e. Scope 3 emissions were approximately 40 million kg CO2e, with capital goods contributing around 21.5 million kg CO2e and fuel and energy-related activities around 24.8 million kg CO2e.
In 2021, Argo Blockchain's total emissions were approximately 92.9 million kg CO2e. Scope 2 emissions amounted to about 61.1 million kg CO2e, primarily from purchased electricity. Scope 3 emissions were around 31.8 million kg CO2e, with capital goods being a notable factor at approximately 20.6 million kg CO2e.
For 2020, the company reported total emissions of about 57.3 million kg CO2e. Scope 2 emissions were approximately 46.9 million kg CO2e, stemming from purchased electricity. Scope 3 emissions totalled around 10.4 million kg CO2e, with fuel and energy-related activities accounting for approximately 7.7 million kg CO2e.
Argo Blockchain's commitment extends to near-term objectives for climate neutrality, with targets set between 2023 and 2025 for both Scope 1 and Scope 2 emissions. The company is aiming to maintain its climate-positive status through 2025. No specific overall reduction percentages were disclosed for these targets.
It is important to note that for the reporting year 2024, no specific emissions data was disclosed, and the company indicated "no disclosed data" for this period, though an emissions intensity figure for revenue was provided. Scope 1 emissions data was not disclosed for any of the reported years.
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Argo Blockchain’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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Scope 3 top emissions categories
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Emissions comparison with industry peers
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Argo Blockchain
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