Argo Blockchain Plc SEC Filings

Argo Blockchain plc reported interim results for the six months ended 30 June 2025 showing a marked decline in operations and ongoing liquidity stress. Revenue fell to $6.3 million from $29.3 million a year earlier, driven primarily by refurbishment and relocation of mining machines; Bitcoin mined fell to 65 BTC from 442 BTC. Mining margin dropped to $1.2 million (18%) versus $11.5 million (39%) in H1 2024. Net loss narrowed to $8.1 million (Adjusted EBITDA: ($2.8) million). The Company entered a Restructuring Support Agreement with Growler and a secured multi-draw loan facility of up to US$7.5 million, drawing ~$3.26m initially and ~$4.5m drawn to date. Cash at 30 June 2025 was $1.7m and 2 BTC. Directors state material uncertainties over going concern pending court-sanctioned recapitalisation and continued access to Growler funding.

Argo Blockchain plc announced the promotion of Charlotte Proctor-Worrall to Chief Financial Officer, effective immediately. She joined Argo in 2021, has served as Group Financial Controller, built the finance function across the UK, US and Canada, led annual audits, managed IFRS and SEC reporting, overseen treasury across fiat and crypto, and supported capital markets and restructuring work.

The filing also updates Argo's Nasdaq status: after a hearing on 26 August 2025, the Nasdaq Hearings Panel granted Argo continued listing on The Nasdaq Global Select Market provided Argo demonstrates compliance with all listing rules by 14 January 2026. The Panel took Argo's Part 26A recapitalization process into account. The company states there is no assurance it will regain or maintain compliance and notes potential delisting risk if requirements are not met.

Argo Blockchain plc entered a First Amended and Restated Restructuring Plan Support Agreement with Growler and executed a secured multi-draw term loan facility to fund its proposed Recapitalization Plan. The Loan provides up to US$7.5 million in total capacity and Argo made an initial draw of approximately US$3.26 million to provide liquidity through the court-sanctioned recapitalization process. Growler is currently expected to hold in excess of 80% of the Company’s equity after implementation, with bondholders receiving equity in exchange for debt and existing equity holders subject to substantial dilution. The Company anticipates a first court hearing in late October 2025 and, if sanctioned, an effective date in early- to mid-December 2025. If the Recapitalization Plan is not consummated, insolvency proceedings may be required in relevant jurisdictions.

Argo Blockchain plc reports an update to a proposed recapitalization plan intended to address short- and medium-term capital needs. Negotiations with Growler Mining Tuscaloosa, LLC for a senior secured multi-draw term loan remain ongoing; the loan has not been executed or funded. The company expects a first Court hearing on the Plan in late October 2025 and, if sanctioned, an effective date in early- to mid-December 2025.

The Company indicates that following conversion of the Loan and contributions by Growler, Growler is currently envisaged to hold at least 80% of issued shares, bondholders would receive equity in exchange for debt, and current equity holders would retain interests but face dilution. Argo confirmed it did not make the scheduled bond interest payment due 31 July 2025 (30-day grace period to 30 August 2025). If the Plan is not consummated, Argo may pursue other alternatives, including formal insolvency processes in applicable jurisdictions.

Armistice Capital, LLC and Steven Boyd report beneficial ownership of 4,435,969 shares of Argo Blockchain plc common stock, representing 6.95% of the class. The filing states Armistice Capital acts as investment manager to Armistice Capital Master Fund Ltd., the direct holder of the shares, and through an Investment Management Agreement Armistice exercises shared voting and dispositive power over those shares. Mr. Boyd, as managing member, is reported with the same shared powers. The filing clarifies the Master Fund disclaims direct beneficial ownership due to its agreement with Armistice and certifies the position was acquired in the ordinary course of business and not to change or influence control.

Argo Blockchain plc announced a board-level change: Raghav Chopra resigned from his role as Director, effective 6 August 2025. The Company said the Board thanks Mr. Chopra for his service and wishes him well. The announcement was released as inside information. The filing reiterates Argo's profile as a dual-listed (LSE: ARB; Nasdaq: ARBK) blockchain technology company focused on large-scale cryptocurrency mining with operations powered predominantly by renewable energy. No reason for the resignation or details of any successor were provided in this report.

Argo Blockchain plc (ARBK) filed a Form 6-K revealing that Nasdaq has issued a delisting determination after the Company failed to lift its ADS bid price above US$1.00 for 30 consecutive business days and did not regain compliance by the 15 July 2025 deadline.

Argo will request a hearing, which automatically stays any suspension, allowing the ADSs to continue trading on the Nasdaq Global Select Market under the symbol ARBK while the process is pending. Management cautions, however, that there is no assurance the appeal will succeed or that the Company will meet all Nasdaq listing standards in the future.

If ultimately delisted, the ADSs would likely move to the over-the-counter market, reducing liquidity, widening bid-ask spreads and potentially putting further downward pressure on the share price. No financial or operating metrics were provided in this filing.

Argo Blockchain plc (NASDAQ: ARBK) filed a Form 6-K containing a U.K. TR-1 “Notification of Major Holdings.” The filing shows that J.P. Morgan Securities LLC crossed a shareholding threshold on 10 July 2025 and now holds “Below Minimum Threshold” voting rights in Argo Blockchain. In its previous disclosure, the bank controlled 6.34 % of total voting rights (0.40 % through shares and 5.94 % through financial instruments). The reduction below the reportable level was formally notified to the issuer and the FCA on 14 July 2025, and Argo released the information to the market on 15 July 2025.

No financial results, operating updates, or other material transactions were included; the sole purpose of the 6-K is to inform investors of the disposal (or expiration) of J.P. Morgan’s position. While such movements do not directly affect Argo’s fundamentals, they may influence market sentiment by indicating reduced institutional exposure to the stock.

Argo Blockchain plc (NASDAQ: ARBK) filed a Form 6-K containing a U.K. TR-1 “Notification of Major Holdings.” The filing discloses that J.P. Morgan Securities LLC crossed a reporting threshold on 8 July 2025 and now holds an aggregate 6.34 % of Argo’s voting rights, equal to 36,590,032 votes.

The position is split between:

• 228,052 ordinary shares (0.40 % voting rights)
• 34,309,000 American Depositary Receipts (5.94 % voting rights) classified as financial instruments under DTR 5.3.1R (1)(a)
• 780 votes (0.0001 %) via an equity swap expiring 30 May 2028

The previous TR-1 (not dated in this filing) showed a total holding of 8.27 %. Therefore, J.P. Morgan reduced its economic exposure by roughly 1.93 percentage points, primarily by trimming its derivative-based ADR position (from 7.87 % to 5.94 %). Because the stake remains above the 5 % U.K. notification threshold, the institution remains a significant shareholder.

No operational, earnings or strategic updates were included. The disclosure is limited to the shareholding change and is signed by CEO Justin Nolan on 11 July 2025.