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ARGO BLOCKCHAIN
Investor Presentation
March 2022
NASDAQ: ARBK; LSE: ARB
LEGAL DISCLAIMERS
Forward Looking Statements
This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the build-out and expected completion of our Helios mining facility in Texas. Forward-looking statements can be identified by words like "may," "will," "likely," "should," "expect," "anticipate," "future," "plan," "believe," "intend," "goal," "seek," "estimate," "project," "continue" and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, the principal risks and uncertainties listed in our risk factors set forth in our filings with the Securities and Exchange Commission (the SEC).
Non-IFRS Measures
This presentation contains references to certain non-IFRS measures including EBITDA, EBITDA margin and mining margin, each of which are not recognized under International Financial Reporting Standards ("IFRS"). Our management team uses these non-IFRS financial measures to evaluate our profitability and efficiency, to compare operating results to prior periods, and to measure and allocate financial resources internally. The Company believes that these non-IFRS financial measures may be helpful to investors because they provide consistency and comparability with past financial performance and may assist in comparisons with other companies, some of which use similar non-IFRS financial information to supplement their IFRS results. The non-IFRS financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from similarly titled non-IFRS measures used by other companies. EBITDA, EBITDA margin and mining margin each have limitations as analytical tools, and you should not consider any of these measures either in isolation or as a substitute for other methods of analyzing the results as reported under IFRS.
Exchange Rates
For the convenience of the reader, in this presentation, unless otherwise indicated, translations from pound sterling into U.S. dollars were made at the rate of £1.00 to $1.35, which was the noon buying rate of the Federal Reserve Bank of New York on September 30, 2021. Such U.S. dollar amounts are not necessarily indicative of the amounts of U.S. dollars that could actually have been purchased upon exchange of pound sterling at the dates indicated or any other date.
Argo at-a-glance
Industry-leading cryptocurrency miner with a focus on sustainability
1,605 | 24,000+ | 100% | |||||||
PH capacity | Mining machines in | Carbon neutral | |||||||
(SHA-256)1 | Canada & US1 | (includes carbon credits) | |||||||
83% | 2,685 | ~10% HODL | ||||||||||
Mining margin in 2021 | HODL of Bitcoin and | Allocation to Argo Labs for | ||||||||||
(industry leading)2,3 | Bitcoin Equivalents1,4 | non-mining activities | ||||||||||
1. As of February 28, 2022. 2. Please see Appendix for reconciliation for non-IFRS measures to IFRS. 3. Argo mining margin defined as: (cryptocurrency mining revenue
- direct costs) / cryptocurrency mining revenue. For Full Year 2021. 4. Includes 246 BTC
3
Argo is one of the most efficient, sustainable, and forward-thinking miners in the world
Mining at scale using | Climate positive | Argo Labs is | ||
low cost power with | with focus on | diversifying into | ||
focus on efficiency | sustainability | non-mining activities | ||
4
Track Record of Execution
Significant scaling since inception and clear visibility to continued growth
Texas facility expected to be
online by H1 2022
~3,700 PH1
Company Founded
Listed on LSE as a
Mining-as-a-Service
("MaaS") company
$3,687
0.76 PH
Pivoted from MaaS to
mining for own account & began fleet accumulation
$7,167
220 PH
Acquired 160 acres to build 200 | |||||||||||
MW facility in Texas, as well as | |||||||||||
Diversified into digital | two Quebec data centers1 | ||||||||||
$46,320 | |||||||||||
1,605 PH | |||||||||||
blockchain infrastructure | |||||||||||
$29,023 | |||||||||||
645 PH | |||||||||||
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Oct 2022E |
Note: BTC Prices represent year-end figures at close.. | |
1. Based on current orders. | 5 |
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Disclaimer
Argo Blockchain plc published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 09:43:06 UTC.