Argo Blockchain (ARBK)

Net assets on the balance sheet as of June 2024 : -A$31.14 Million

According to Argo Blockchain's latest financial reports the company has -A$31.14 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Argo Blockchain - Net assets on balance sheet (from 2022 to 2022)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$24.53 M	-95.16%
2021-12-31	$A$0.50 B	762.89%
2020-12-31	$A$58.77 M	15.4%
2019-12-31	$A$50.92 M	3.94%
2018-12-31	$A$48.99 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Argo Blockchain (ARBK) - Net assets