Argo Blockchain ARBK
NASDAQ ARBK
$2.88 -0.01 (-0.35%)
At close: Sep 11, 2026 · 4:00 PM EDT

Argo Blockchain (ARBK) Cost of Revenue (2021 - 2025)

Argo Blockchain's (ARBK) quarterly Cost of Revenue came in at $6.6 million in Q2 2025, down 75.83% year-over-year from $27.5 million in Q2 2024, and down 73.09% quarter-over-quarter from $24.7 million in Q3 2024.

Analysis

Argo Blockchain (ARBK) Cost of Revenue (2021 - 2025) Analysis & Trends

Argo Blockchain has disclosed Cost of Revenue across 5 years of filings, most recently posting $6.6 million for Q2 2025.

  • In Q2 2025, Cost of Revenue fell 75.83% year-over-year to $6.6 million; the TTM figure through Jun 2025 stood at $69.2 million (down 2.74% YoY), while the FY2025 annual figure was $11.0 million, down 11.85% from the prior year.
  • Cost of Revenue came in at $6.6 million for Q2 2025 at Argo Blockchain, down from $24.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $27.5 million in Q2 2024 to a low of $2.6 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $12.6 million, with a median of $10.4 million recorded in 2024.
  • Year-over-year, Cost of Revenue soared 380.57% in 2022 and sank 75.83% in 2025.
  • Over 5 years, Cost of Revenue stood at $10.3 million in 2021, then soared by 61.39% to $16.6 million in 2022, then increased by 9.05% to $18.2 million in 2023, then jumped by 35.85% to $24.7 million in 2024, then sank by 73.09% to $6.6 million in 2025.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $6.6 million in Q2 2025, $24.7 million in Q3 2024, and $27.5 million in Q2 2024.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 5.73 Mn
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 33.34 Mn
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 26.89 Mn
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 89.26 Mn
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - -
7 Cleanspark 3.51 Bn 3.30 Bn - 85.48 Mn
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn 237.31 Mn
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn 117.18 Mn
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn 108.61 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2025 6.64 Mn
Sep 30, 2024 24.66 Mn
Jun 30, 2024 27.46 Mn
Mar 31, 2024 10.44 Mn
Sep 30, 2023 18.15 Mn
Jun 30, 2023 15.09 Mn
Mar 31, 2023 6.06 Mn
Dec 31, 2022 16.65 Mn
Sep 30, 2022 18.06 Mn
Jun 30, 2022 10.20 Mn
Mar 31, 2022 4.60 Mn
Dec 31, 2021 10.31 Mn
Sep 30, 2021 3.76 Mn
Jun 30, 2021 14.49 Mn
Mar 31, 2021 2.56 Mn