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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |