ARBK vs. BITF

Last updated Apr 1, 2026

Compare and contrast key facts about Argo Blockchain plc (ARBK) and Bitfarms Ltd. (BITF).

Performance

ARBK vs. BITF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argo Blockchain plc (ARBK) and Bitfarms Ltd. (BITF). The values are adjusted to include any dividend payments, if applicable.

ARBK vs. BITF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARBK Argo Blockchain plc	-15.84%	-97.21%	-84.89%	246.30%	-91.12%	-27.40%
BITF Bitfarms Ltd.	-17.02%	57.72%	-48.80%	561.36%	-91.29%	0.60%

Fundamentals

Market Cap ARBK : $953.68K BITF : $1.09B
EPS ARBK : -$208.92 BITF : -$0.23
PS Ratio ARBK : 0.01 BITF : 4.02
Total Revenue (TTM) ARBK : $63.70M BITF : $270.06M
Gross Profit (TTM) ARBK : -$971.19K BITF : -$7.52M
EBITDA (TTM) ARBK : -$39.89M BITF : -$4.06M

Returns By Period

In the year-to-date period, ARBK achieves a -15.84% return, which is significantly higher than BITF's -17.02% return.

ARBK

• 1D: -1.37%
• 1M: 0.35%
• YTD: -15.84%
• 6M: -94.93%
• 1Y: -96.09%
• 3Y*: -80.04%
• 5Y*: —
• 10Y*: —

BITF

• 1D: 5.98%
• 1M: -11.36%
• YTD: -17.02%
• 6M: -30.85%
• 1Y: 147.40%
• 3Y*: 26.21%
• 5Y*: -17.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ARBK vs. BITF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARBK

ARBK Risk / Return Rank: 12
ARBK Sharpe Ratio Rank: 21
ARBK Sortino Ratio Rank: 14
ARBK Omega Ratio Rank: 14
ARBK Calmar Ratio Rank: 3
ARBK Martin Ratio Rank: 9

BITF

BITF Risk / Return Rank: 79
BITF Sharpe Ratio Rank: 83
BITF Sortino Ratio Rank: 85
BITF Omega Ratio Rank: 79
BITF Calmar Ratio Rank: 76
BITF Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARBK vs. BITF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARBK) and Bitfarms Ltd. (BITF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARBK	BITF	Difference
Sharpe ratio Return per unit of total volatility	-0.47	1.38	-1.85
Sortino ratio Return per unit of downside risk	-0.81	2.37	-3.18
Omega ratio Gain probability vs. loss probability	0.89	1.28	-0.39
Calmar ratio Return relative to maximum drawdown	-0.98	1.78	-2.76
Martin ratio Return relative to average drawdown	-1.53	3.26	-4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARBK vs. BITF - Sharpe Ratio Comparison

The current ARBK Sharpe Ratio is -0.47, which is lower than the BITF Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ARBK and BITF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARBK	BITF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	1.38	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	0.00	-0.53

Correlation

The correlation between ARBK and BITF is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ARBK vs. BITF - Dividend Comparison

Neither ARBK nor BITF has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ARBK vs. BITF - Drawdown Comparison

The maximum ARBK drawdown since its inception was -99.94%, roughly equal to the maximum BITF drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ARBK and BITF.

Drawdown Indicators

	ARBK	BITF	Difference
Max Drawdown Largest peak-to-trough decline	-99.94%	-100.00%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-98.49%	-73.65%	-24.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.72%	—
Current Drawdown Current decline from peak	-99.94%	-78.02%	-21.92%
Average Drawdown Average peak-to-trough decline	-85.29%	-67.89%	-17.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.01%	40.30%	+22.71%

Volatility

ARBK vs. BITF - Volatility Comparison

The current volatility for Argo Blockchain plc (ARBK) is 12.79%, while Bitfarms Ltd. (BITF) has a volatility of 25.86%. This indicates that ARBK experiences smaller price fluctuations and is considered to be less risky than BITF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARBK	BITF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	25.86%	-13.07%
Volatility (6M) Calculated over the trailing 6-month period	188.17%	79.32%	+108.85%
Volatility (1Y) Calculated over the trailing 1-year period	206.07%	107.74%	+98.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.18%	106.11%	+44.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.18%	748,086.06%	-747,935.88%

Financials