Public Profile

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.

22

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.

25

Industry Benchmark

Argo Blockchain's score of 22 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

8%

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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 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 even higher emissions, with a total of about 216,960,000 kg CO2e, comprising around 168,718,000 kg CO2e in Scope 2 and approximately 48,242,000 kg CO2e in Scope 3. Argo Blockchain has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or reduction targets suggests that the company may still be in the early stages of formalising its climate commitments. As the blockchain industry faces increasing scrutiny regarding its environmental impact, Argo Blockchain's future strategies will be crucial in addressing sustainability concerns and aligning with global climate goals.

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20202021
Scope 1
-
-
Scope 2
46,880,000
00,000,000
Scope 3
10,389,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Argo Blockchain's primary industry is Computer and related services (72), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Argo Blockchain is in GB, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers