Argo Blockchain Plc is the subject of an amended Schedule 13D showing that Growler Mining Tuscaloosa, LLC and its manager, Luther S. Pate IV, now beneficially own 28,004,168,880 Ordinary Shares, or about 88.59% of the company’s 31,611,377,242 outstanding Ordinary Shares as of April 9, 2026.
This ownership is held through 12,964,893 Restricted ADSs and arises from a Subscription Facility Agreement under which Argo can request up to US$5,000,000 in capital. An Initial Tranche of US$2,500,000 and a US$1,259,297.68 true-up payment together yielded 1,274,863 new Restricted ADSs, within a 19.99% issuance cap absent shareholder approval.
Argo Blockchain plc has entered into a subscription facility of up to $5,000,000 with its controlling shareholder, Growler Mining Tuscaloosa, LLC, and has raised an initial $2,500,000 under this arrangement. The facility is designed to support operations, working capital needs, and Argo’s evaluation of high-performance computing and artificial-intelligence data center opportunities.
The initial tranche is priced at $2.948 per ADS, resulting in 847,693 new ADSs (1,831,016,880 new ordinary shares) issued to Growler, with a further 427,170 ADSs (922,687,200 ordinary shares) issued through a true-up conversion of $1,259,297.68 in prior payments. In total, 2,753,704,080 new ordinary shares (1,274,863 ADSs) increase Growler’s holding from roughly 87.50% to about 88.59% of Argo’s enlarged issued ordinary share capital, subject to a 19.99% exchange cap unless shareholders approve more.