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 December, 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
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Exhibit
No.
1
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Description
Closing
of UK Restructuring Plan dated 16 December 2025
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Press Release
16 December 2025
Argo Blockchain plc
("Argo" or "the Company")
Closing of UK Restructuring Plan and Strategic Pivot Toward
AI/HPC
Argo Blockchain plc (NASDAQ: ARBK) announces the closing of its
restructuring plan under Part 26A of the Companies Act 2006 (the
"Restructuring Plan"), as sanctioned by the High Court of Justice,
Business and Property Courts of England and Wales by the sealed
order issued on 11 December 2025, marking a significant milestone
in its transformation and positioning the Company for long-term
growth.
Key Highlights of Closing of the Restructuring Plan:
● Enhanced Hashrate
Capacity: The Company's
nameplate hashrate has increased from approximately 1.8 EH/s to 2.4
EH/s, strengthening its competitive position in the Bitcoin mining
sector.
● Expanded Self-Mining
Operations: Expanded
self-mining capacity to 28.5 MW through 13.5 MW of newly acquired
infrastructure in Alabama; additionally secured electrical assets
(2500 KVA transformers and switchgear) that can support up to 65 MW
of incremental deployment at future sites.
● Diversified Mining
Portfolio: With the recent
price momentum in Zcash, the Company has successfully deployed
1,400 Z11 miners, now actively contributing to revenue through
Zcash mining.
● Strengthened Balance
Sheet: The Company's $40
million in outstanding 8.75% senior notes due 2026 (CUSIP: 040126
203) have been equitized pursuant to the Restructuring Plan,
leaving the Company debt-free except for the $472k remaining
mortgage on the Company's owned and
operated Baie-Comeau facility.
● Strategic Pivot to
AI/HPC: The Company is
exploring opportunities in artificial intelligence (AI) and
high-performance computing (HPC) to diversify its revenue streams
and leverage its infrastructure expertise.
Leadership Commentary
Justin Nolan, chief executive officer of Argo said, "completing
this restructuring marks a new era for Argo. Argo has significantly
strengthened its balance sheet, expanded its mining footprint, and
positioned itself to capture opportunities not only in digital
assets but also in the rapidly growing AI and HPC sectors. Argo's
team is energized to deliver sustainable growth and shareholder
value."
General
The Plan Effective Date took place on Thursday 11 December 2025 and
the Plan Implementation Date took place on Monday 15 December 2025,
notices of which will be available on the Plan Website at
https://deals.is.kroll.com/argo.In accordance with the terms of the
Restructuring Plan, the Company has made some non-material
variations to the Restructuring Plan. A document detailing these
variations is available on the Plan Website at
https://deals.is.kroll.com/argo.
About Argo
Argo Blockchain plc (NASDAQ: ARBK) is a blockchain technology
company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec and offices in the US, Canada, and the UK,
Argo's global, sustainable operations are predominantly powered by
renewable energy. In 2021, Argo became the first climate positive
cryptocurrency mining company, and a signatory to the Crypto
Climate Accord. For more information, visit www.argoblockchain.com.
Forward looking statements
This announcement contains "forward-looking statements," which can
be identified by words like "may," "will," "likely," "should,"
"expect," "anticipate," "future," "plan," "believe," "intend,"
"goal," "seek," "estimate," "project," "continue" and similar
expressions. Forward-looking statements are neither historical
facts nor assurances of future performance. Instead, they are based
only on the Company's current beliefs, expectations and assumptions
regarding the future of its business, future plans and strategies,
projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of the Company's control. The information in this
announcement about the expected effects of the Restructuring Plan
are forward-looking statements. Therefore, you should not rely on
any of these forward-looking statements. Important factors that
could cause the Company's actual results and financial condition to
differ materially from those indicated in the forward-looking
statements include market conditions; the ability to retain the
Company's listing on Nasdaq; operational, financial, regulatory,
tax and legal risks; assumptions underlying revenue, EBITDA and
valuation estimates; and the principal risks and uncertainties
described in the risk factors set forth in the Company's Annual
Report and Financial Statements and Form 20-F for the year ended 31
December 2024.
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.
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Date:
16 December, 2025
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ARGO BLOCKCHAIN PLC
By:
/s/ Justin
Nolan
Name:
Justin Nolan
Title:
Chief Executive Officer
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