STOCK TITAN

Argo Blockchain 6-K: JP Morgan crosses 8 % holding threshold

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Argo Blockchain plc has filed a Form 6-K to disclose a UK TR-1 notification of major holdings. The filing states that J.P. Morgan Securities LLC crossed a reportable threshold on 3 July 2025 and now controls 8.266788 % of Argo’s voting rights, equivalent to 47,712,252 voting rights.

The stake is split between 0.395084 % held directly in ordinary shares (2,280,252 shares) and 7.871704 % held via American Depositary Receipts (45,432,000 ADR-linked voting rights). The previous disclosure showed a combined 7.827392 %, indicating a modest increase of roughly 0.44 percentage points.

This report fulfils the UK Financial Conduct Authority’s DTR 5 transparency requirements and contains no operational, financial-performance, or earnings data. While the holding remains below 10 %, the increased institutional position by a large global broker may signal incremental confidence in Argo Blockchain’s equity.

Positive

  • Institutional ownership rises: J.P. Morgan Securities LLC increased its aggregate voting rights in ARBK to 8.27 %, signalling ongoing institutional interest and potentially improved share liquidity.

Negative

  • None.

Insights

TL;DR – JP Morgan nudges stake above 8 %; marginally positive signal, limited immediate valuation impact.

The 6-K is purely a DTR 5 disclosure: JP Morgan Securities LLC now controls 8.27 % of Argo’s voting rights, mainly through ADRs. The rise from 7.83 % is small (<1 %), but crossing the 8 % band requires a fresh filing. Institutional accumulation by a tier-one broker can improve liquidity perception and may support sentiment after a challenging crypto-mining backdrop. However, this does not alter fundamentals, cash flow, or mining capacity. For investors, the news is neutral-to-slightly-positive; it confirms continuing institutional involvement without providing earnings insight or strategic shifts. Absent additional catalysts, the filing is not materially impactful for valuation models.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
 
FORM 6-K
 
_____________________
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of July, 2025
 
Commission File Number: 001-40816
 
_____________________
 
Argo Blockchain plc
(Translation of registrant’s name into English)
_____________________
 
Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
England
(Address of principal executive office)
_____________________
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  ☒                            Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
 
 
 
EXHIBIT INDEX
 
Exhibit No.
 
     1
 
Description
 
TR-1 Standard Notification of Major Holdings dated 08 July 2025
 
 
 
TR-1: Standard form for notification of major holdings
 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)
 
 
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii
 

ARGO BLOCKCHAIN PLC
ISIN GB00BZ15CS02
 
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
 
Non-UK issuer
 
 
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
 
An acquisition or disposal of voting rights
 
 
An acquisition or disposal of financial instruments
 
X
An event changing the breakdown of voting rights
 
 
Other (please specify) iii:
 
 
3. Details of person subject to the notification obligation iv
 
Name
 
J.P. Morgan Securities LLC
 
City and country of registered office (if applicable)
 
 
4. Full name of shareholder(s) (if different from 3.) v
 
Name
 
 
City and country of registered office (if applicable)
 
 
5. Date on which the threshold was crossed or reached vi:
 
03-Jul-2025
 
6. Date on which issuer notified (DD/MM/YYYY):
 
07-Jul-2025
 
7. Total positions of person(s) subject to the notification obligation
 
 
 
% of voting rights attached to shares (total of 8. A)
 
 
% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)
 
 
Total of both in % (8.A + 8.B)
 
Total number of voting rights held in issuer (8.A + 8.B) vii
 
Resulting situation on the date on which threshold was crossed or reached
 
 
0.395084
 
 
7.871704
 
 
8.266788
 
 
47712252
 
 
Position of previous notification (if applicable)
 
 
0.395084
 
 
7.432308
 
 
7.827392
 
 
 
 
 
 
 
 
 
 
 
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
 
A: Voting rights attached to shares
 
Class/type ofshares
ISIN code (if possible)
 
Number of voting rights ix   
 
% of voting rights
 
Direct
(DTR5.1)
 
Indirect
 (DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
 
GB00BZ15CS02
 

2280252
 
 
0.395084
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL 8. A
 
2280252
0.395084%
 
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 
Type of financial instrument
Expirationdate x
Exercise/Conversion Period xi
 
Number of voting rights that may be acquired if the instrument is
exercised/converted.
 
% of voting rights
 
American Depository Receipts
 
 
 
45432000
7.871704
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL 8. B 1
 
45432000
7.871704%
 
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
 
Type of financial instrument
Expirationdate x
Exercise/Conversion Period xi
 
Physical or cash
Settlement xii
 
Number of voting rights
% of voting rights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL 8.B.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
 
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
 
 
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv
 
X
Name xv
% of voting rights if it equals or is higher than the notifiable threshold
 
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
 
Total of both if it equals or is higher than the notifiable threshold
 
J.P. Morgan Securities PLC
 
--
-
-
 
J.P. Morgan Securities LLC
 
-
7.871704
7.871704%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10. In case of proxy voting, please identify:
 
Name of the proxy holder
 
 
The number and % of voting rights held
 
 
The date until which the voting rights will be held
 
 
 
11. Additional information xvi
 
 
 
 
 
 
 
 
 
Place of completion
 
07-Jul-2025
 
Date of completion
 
London, United Kingdom
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: 08 July, 2025
ARGO BLOCKCHAIN PLC
By: /s/ Justin Nolan
Name: Justin Nolan
Title: Chief Executive Officer

FAQ

Why did Argo Blockchain (ARBK) file a Form 6-K on 8 July 2025?

To disclose a UK TR-1 notification showing that J.P. Morgan Securities LLC crossed the 8 % voting-rights threshold.

How many voting rights does J.P. Morgan now hold in Argo Blockchain?

A total of 47,712,252 voting rights, representing 8.266788 % of the company.

What portion of J.P. Morgan’s stake is held through ADRs?

45,432,000 voting rights (7.871704 %) are linked to American Depositary Receipts.

Did the filing include any financial or operational results?

No. The 6-K only reports the change in voting-rights ownership; it contains no earnings or operational data.

Is the increase in ownership considered material?

The rise is modest (about 0.44 pp) and mainly regulatory; impact on valuation is likely limited.
Argo Blockchain Plc

NASDAQ:ARBK

View ARBK Stock Overview

ARBK Rankings

ARBK Latest News

ARBK Latest SEC Filings

ARBK Stock Data

1.02M
333.29k
Capital Markets
Financial Services
Link
United Kingdom
London