Argo Blockchain (ADR) (ARBK)
Operates North American Bitcoin-mining infrastructure for its own account.
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Mines Bitcoin for its own account through North American data-center and leased-facility infrastructure, earning cryptocurrency rewards from third-party pools and generally selling the coins to fund operations. The business reports a single crypto-mining segment and depends on economical power, machine efficiency, mining-pool counterparties, and Bitcoin network economics.
Operates Bitcoin-mining machines across a North American footprint comprising an owned hydro-powered data center in Baie-Comeau, Quebec, plus leased facilities in Alabama. Revenue is earned from cryptocurrency rewards and transaction fees allocated by third-party mining pools, then cryptocurrency is generally sold weekly to fund operating expenses and working capital.
Builds and deploys third-party ASIC hardware where electricity is inexpensive, using owned, leased, and third-party infrastructure. Mining output depends on pool hashrate, Bitcoin block rewards, transaction fees, and network difficulty, while electricity costs, equipment efficiency, pool counterparties, custody providers, evolving cryptocurrency regulation, and support from controlling shareholder Growler shape operations. The business has a single significant reportable segment: crypto mining.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $2.2M · Total debt $3.5M · Total assets $22.7M · Shareholders' equity $12.9M
- Revenue
- $9.2M
- Operating income
- −$4.1M
- Net income
- $13.2M
No dividends on record.
| Institutions30 holders · as of Sep 30, 2025 | 0.87% | 2.8K ADS | |
| Otherremainder | 99.13% | 315.3K ADS |
318.0K ADS (1 ADS = 10 ordinary shares) as of Aug 22, 2026 · institutions as of Sep 30, 2025 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Bank of Montreal /Can/Institution | 0.17% | 115,531 ADS | 13Fas of Sep 30, 2025 |
Susquehanna International Group, LLPInstitution | 0.16% | 113,267 ADS | 13Fas of Sep 30, 2025 |
Virtu Financial LLCInstitution | 0.11% | 75,590 ADS | 13Fas of Sep 30, 2025 |
Group One Trading, L.P.Institution | 0.08% | 57,927 ADS | 13Fas of Sep 30, 2025 |
HRT Financial LPInstitution | 0.07% | 49,904 ADS | 13Fas of Sep 30, 2025 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Argo Blockchain (ADR) | $2.97 | +0.68% | $935.0K | — | — | 1.2 | −22.0% |
| MARA | $10.44 | −0.24% | $3.99B | — | — | 5.0 | −26.7% |
| Riot Platforms | $18.56 | −0.38% | $7.05B | — | — | 10.4 | +13.9% |
| CleanSpark | $11.30 | −0.22% | $2.91B | — | — | 4.3 | −30.5% |
| Bitdeer | $10.71 | −0.37% | $2.51B | — | — | 3.1 | +47.1% |
| IREN | $38.86 | −1.91% | $14.13B | — | — | 20.0 | −26.8% |
| Cipher Digital | $15.14 | −0.22% | $6.21B | — | — | 32.5 | −43.0% |
| Median | — | — | 7.7 | −26.7% |