Earnings Call Summary | Argo Blockchain(ARBK.US) Q4 2023 Earnings Conference
Earnings Call Summary | Argo Blockchain(ARBK.US) Q4 2023 Earnings Conference
The following is a summary of the Argo Blockchain Plc (ARBK) Q4 & FY 2023 Results Earnings Call Transcript:
以下是Argo Blockchain Plc(ARBK)第四季度及2023財年業績電話會議記錄摘要:
Financial Performance:
財務業績:
Argo Blockchain generated revenue of over $50 million in 2023, a decrease of 14% from 2022 due to increased global hash rate and network difficulty.
1,760 Bitcoins were mined during 2023, contributing to the company's revenue.
'Economic curtailment' practices during high power price periods led to $7.2 million power credits during the year, reducing costs and resulting in a mining margin of 43%.
The average all-in power and hosting costs for 2023 was under $0.05 per kilowatt hour across all three sites.
Adjusted EBITDA reached $8.3 million, significantly higher than 2022's negative $47 million.
The company reduced debt by $12 million and ended the year with $7.4 million cash, raised nearly $10 million through share placement in Q1 2024, and sold the Mirabel facility for $6.1 million.
Q4 saw much higher revenue than Q3 due to increased Bitcoin prices, and an equity raise in Q1 2024 resulted in gross proceeds of $9.9 million.
由於全球哈希率和網絡難度的增加,Argo區塊鏈在2023年創造了超過5000萬美元的收入,比2022年下降了14%。
2023年開採了1,760個比特幣,爲公司的收入做出了貢獻。
高電價時期的 “經濟削減” 做法使該年度的電力積分達到720萬澳元,降低了成本,使採礦利潤率達到43%。
2023年,所有三個站點的平均總電力和託管成本均低於每千瓦時0.05美元。
調整後的息稅折舊攤銷前利潤達到830萬美元,大大高於2022年的負4700萬美元。
該公司減少了1200萬澳元的債務,在年底獲得了740萬澳元的現金,在2024年第一季度通過股票配售籌集了近1000萬美元,並以610萬美元的價格出售了米拉貝爾設施。
由於比特幣價格上漲,第四季度的收入比第三季度高得多,2024年第一季度的股權籌集帶來了990萬美元的總收益。
Business Progress:
業務進展:
Argo Blockchain emphasized financial discipline, deleveraging, operational excellence, and growth strategies, including strategic partnerships for a sustainable future.
Through 'economic curtailment', the company was able to shut down operations and sell electricity during high power price periods, leading to significant mining margins.
The company plans to accelerate investment in infrastructure and machines for growth, and is in discussions with energy generators to leverage Bitcoin mining's flexibility.
Argo Blockchain強調財務紀律、去槓桿化、卓越運營和增長戰略,包括可持續未來的戰略伙伴關係。
通過 “經濟削減”,該公司得以在高電價期間關閉運營並出售電力,從而獲得可觀的採礦利潤。
該公司計劃加快對基礎設施和機器的投資以促進增長,並正在與能源生產商進行討論,以利用比特幣採礦的靈活性。
More details: Argo Blockchain IR
更多詳情: Argo 區塊鏈 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。