<SEC-DOCUMENT>0001654954-25-012677.txt : 20251107
<SEC-HEADER>0001654954-25-012677.hdr.sgml : 20251107
<ACCEPTANCE-DATETIME>20251107061030
ACCESSION NUMBER:		0001654954-25-012677
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251107
FILED AS OF DATE:		20251107
DATE AS OF CHANGE:		20251107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Argo Blockchain Plc
		CENTRAL INDEX KEY:			0001841675
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40816
		FILM NUMBER:		251460281

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		EASTCASTLE HOUSE
		STREET 2:		27/28 EASTCASTLE STREET
		CITY:			LONDON
		PROVINCE COUNTRY:   	X0
		ZIP:			W1W 8DH
		BUSINESS PHONE:		44 20 788 400 3403

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		EASTCASTLE HOUSE
		STREET 2:		27/28 EASTCASTLE STREET
		CITY:			LONDON
		PROVINCE COUNTRY:   	X0
		ZIP:			W1W 8DH
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a6257g.htm
<DESCRIPTION>CONVENING HEARING RESULTS AND NOTICE OF GM
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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_____________________</font></div>
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FORM 6-K</font></div>
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_____________________</font></div>
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REPORT OF FOREIGN PRIVATE ISSUER</font></div>
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PURSUANT TO RULE 13a-16 OR 15d-16</font></div>
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UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
For the month of November, 2025</font></div>
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Commission File Number: 001-40816</font></div>
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_____________________</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
Argo Blockchain plc</font></div>
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(Translation of registrant&#x2019;s name into English)</font></div>
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_____________________</font></div>
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Eastcastle House</font></div>
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27/28 Eastcastle Street</font></div>
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London W1W 8DH</font></div>
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England</font></div>
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(Address of principal executive office)</font></div>
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_____________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Form
20-F <font>&#x2612;</font>&#xA0;Form 40-F <font>&#x2610;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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): <font>&#x2610;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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): <font>&#x2610;</font></font></div>
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EXHIBIT INDEX</font></div>
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<font style="text-decoration: underline"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exhibit
No.</font></font></div>
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<font style="text-decoration: underline"><br></font><font style="font-family: Times New Roman; font-size: 13px">&#xA0; &#xA0;
&#xA0;1</font></div>
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<font style="text-decoration: underline">Description</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Convening
Hearing Results and Notice of GM dated 07 November
2025</font></div>
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Press Release</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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7 November 2025</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Argo Blockchain plc</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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("</font><font style="font-weight: bold; color: #000000">Argo</font><font style="color: #000000">" or "</font><font style="font-weight: bold; color: #000000">the Company</font><font style="color: #000000">")</font></font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Court Approval to Convene Plan Meetings</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Notice of General Meeting</font></div>
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&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Argo Blockchain plc announces that the High Court of Justice in
London has approved the convening of creditor and member meetings
(the "Plan Meetings") in connection with the Company's proposed
restructuring plan under Part 26A of the Companies Act 2006 (the
"Restructuring Plan"). The Convening Hearing took place on 5
November 2025 and the Court's order was made on 6 November
2025.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Court Decision</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
At the Convening Hearing, the Court granted the Company's
application to convene three Plan Meetings - one each for (i)
Shareholders, (ii) Noteholders (8.75% Senior Notes due 2026, ticker
ARBKL), and (iii) the Secured Lender (Growler Mining Tuscaloosa,
LLC) ("Growler").</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Plan Meetings and Next Steps</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In accordance with the Court's directions, the Plan Meetings will
be held on 2 December 2025, with the Sanction Hearing scheduled for
8 December 2025. &#xA0;If sanctioned by the Court, the
Restructuring Plan is expected to be implemented on or shortly
after 8 December 2025.&#xA0; In addition to the Plan Meetings, the
Company has also convened a general meeting for 2 December 2025,
further details of which are set out under the heading "General
Meeting" below.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The timetable for these meetings is as follows:</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Time
and date of the Plan Members' Meeting</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">2.00
p.m. on 2 December 2025</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
Time and date of the shareholders' General Meeting</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
&#xA0;2.30 p.m. on 2 December 2025</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
Times and date of the Plan Creditors' Meetings</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
3.00 p.m. and 4.00 p.m. on 2 December 2025</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
The Plan Meetings will be held online.</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000; font-size: 13px">Details
are set out in the Restructuring Plan Circular and
at</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">https://deals.is.kroll.com/argo</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000; font-size: 13px">(the
"Plan Website").&#xA0; The Company has posted to shareholders a
voting form for the Plan Members' Meeting.&#xA0; Holders of
American Depositary Shares will receive voting forms via the
depositary, JPMorgan Chase Bank, N.A.&#xA0; Plan Creditors will
receive voting forms via the Company's information agent, Kroll
Issuer Services Ltd; further details are on the Plan
Website.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
As is the Company's normal practice, the shareholder General
Meeting will be an in-person meeting, with the facility to join
online.&#xA0; Details are set out in the circular dated 6 November
2025 that has been posted to shareholders.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
The Explanatory Statement, incorporating the Restructuring Plan,
has been uploaded to</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000; font-size: 13px">the
Plan Website at&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">https://deals.is.kroll.com/argo</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Summary of Restructuring Plan Terms</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Restructuring Plan proposes a comprehensive recapitalisation
and balance-sheet restructuring of Argo Blockchain plc designed to
stabilise the Company's financial position, resolve secured and
unsecured liabilities, and position the Group for sustainable
growth.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Key terms of the Restructuring Plan include:</font></div>
<div style="margin-left: 36px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Secured
Debt Conversion: the full equitisation of Growler's secured debt
into new ordinary shares (to be held as American Depositary
Shares), together with release of its existing liens and security
interests across UK, US, and Canadian subsidiaries.</font></div>
</div>
</div>
<div style="margin-left: 36px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Noteholder
Treatment: the exchange of the 8.75% Senior Notes due 2026 (ARBKL)
for a pro rata allocation of 10% of the enlarged issued share
capital of the Company.</font></div>
</div>
</div>
<div style="margin-left: 36px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Equity
holders: the holders of the current issued share capital (including
those who hold ordinary shares in the form of American Depositary
Shares) will see their aggregate interest in the Company diluted to
2.5% of the enlarged issued share capital.</font></div>
</div>
</div>
<div style="margin-left: 36px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Corporate
and Listing Structure: delisting of the Company's shares from the
London Stock Exchange while intending to maintain its Nasdaq
listing, subject to compliance with applicable listing criteria,
with an updated ADR ratio from 1 ADR = 10 ordinary shares to a
ratio of 1 ADR = 2,160 ordinary shares
post-recapitalisation.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Upon completion of the Restructuring Plan in December 2025, Growler
will receive its 87.5% interest in equity interests in the Company
in exchange for the following: (i) its secured loans to the
Company, which are anticipated to have been fully drawn in an
aggregate amount of US$7.5 million, (ii) its contributed exit
capital of US$3.5 million, and (iii) its contributed assets with an
estimated book value of between US$25 million and US$30
million.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In order to have the Court sanction the Restructuring Plan, Argo
must demonstrate that the Restructuring Plan shows a fair
allocation of the restructuring surplus among all Plan Participants
(as defined in the Restructuring Plan).&#xA0; Part of this
assessment of fairness includes establishing that Plan Participants
are in no worse position than they would be in the "Relevant
Alternative" (the so called "no worse off" test).&#xA0; To this
end, Argo has filed with the Court a copy of expert reports
prepared by Kroll Advisory Ltd. and Kroll Financial Advisory
Services, acting as the Company's independent valuation and
restructuring advisers. The Relevant Alternative in the Company's
case would be an insolvency process.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Relevant Alternative analysis concluded that, if the
Restructuring Plan were not implemented, the enterprise value of
the Company would be approximately US$8 million with a 0.72%
recovery to unsecured creditors (including noteholders), with no
recovery to shareholders and a 100% recovery for Growler, as
secured creditor.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Valuation and Plan Benefits analysis determined a going-concern
enterprise-value range of approximately US$30.5 million - US$35.3
million and a derived equity-value range of approximately US$25.3
million - US$30.1 million, indicating that the Company's value as a
going concern is higher than in the liquidation scenario and that
accordingly Plan Participants would be no worse off under the
Restructuring Plan.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The no worse off test is, however, only one of a number of factors
that the Court will consider when deciding whether or not to
sanction the Restructuring Plan. Fairness is the overriding
consideration for the Court.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Current financial position</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
To date, the liquidity position of the Company and its subsidiaries
("Group") remains critically constrained. Prior to the entry into
the loan facility with Growler, the Group's available cash was
limited to approximately US$753,000 as at 7 September 2025. The
Group has continued to incur operating losses since September 2025
and is primarily being supported by the Growler facility. The Group
urgently requires an injection of new money and the creation of a
stable financial platform to be able to meet the fixed and variable
costs payable to its critical unsecured creditors and other
creditors of the Group to be able to continue as a going
concern.&#xA0;&#xA0; It is intended that that the Restructuring
Plan will resolve these issues and return the Company to a stable
footing.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Tax liabilities</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Argo Innovation and Argo Quebec are subject to ongoing federal and
provincial tax reassessments in Canada covering the 2021 and 2022
tax years. Whilst this liability is at the subsidiary level, this
has had the effect of creating a drag on the Company and
exacerbating the inability of the Company and the Group to raise
further working capital.&#xA0; The reassessments by the Canada
Revenue Agency and Revenu Qu&#xE9;bec are being formally contested
by Argo Innovation and Argo Quebec (as appropriate), with
enforcement stayed pending the outcome of the objection
process.&#xA0; The Group has not taken a financial reserve for the
potential liability, having taken into account, for financial
reporting purposes, the probability and remoteness of a successful
assessment.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
General meeting</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
The Company has called a general meeting of shareholders for 2.30
p.m. on 2 December 2025 at the offices of Fladgate LLP, 16 Great
Queen Street, London WC2B 5DG ("General Meeting"). This meeting
is&#xA0;</font><font style="text-decoration: underline; color: #000000">in
addition</font><font style="color: #000000">&#xA0;to the meeting of
shareholders convened by the Court to consider the Restructuring
Plan.&#xA0; The General Meeting will consider and, if thought fit,
approve a waiver of Rule 9 of the Takeover Code, such approval
being a condition of the Restructuring Plan.&#xA0; A circular,
incorporating the notice of General Meeting has been posted to
shareholders.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The implementation of the Restructuring Plan will result in Growler
acquiring interests in shares carrying more than 30% of the
Company's voting rights.&#xA0; Under the Takeover Code, Growler's
acquisition would trigger an obligation on Growler to make a
mandatory offer to the remaining shareholders in Argo.&#xA0; The
Restructuring Plan is, therefore, conditional upon the Takeover
Panel agreeing to a waiver of the obligation under Rule 9 to make a
mandatory offer, subject to independent shareholders approving that
waiver. If shareholders do not approve the Rule 9 waiver, Argo
intends to apply to the Panel to request that the Panel permit a
dispensation under section 2(c) of the Introduction of the Takeover
Code from the obligation that would otherwise arise on Growler to
make a mandatory offer under Rule 9 in order to facilitate the
rescue of Argo which is in serious financial
difficulty.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
General</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Copies of the bundles of evidence filed by Argo at Court are
available to Plan Participants upon request to argo@is.kroll.com or
argo@fladgate.com.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Restructuring Plan has been structured to enable the Company to
rely on the exemption from registration provided by Section
3(a)(10) of the U.S. Securities Act of 1933, as amended, and
certain other available exemptions under the U.S. Securities Act of
1933 and applicable state securities laws, in each case with
respect to securities expected to be issued under the
plan.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
For further information please contact:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 40%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 20%; border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px; padding-top: 8px; padding-bottom: 8px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Argo
Blockchain</font></div>
</td>
<td style="vertical-align: top; width: 20%; border-width: 1pt 1pt 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="padding-top: 8px; padding-bottom: 8px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 20%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px; padding-top: 8px; padding-bottom: 8px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Investor
Relations</font></div>
</td>
<td style="vertical-align: top; width: 20%; border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px; padding-top: 8px; padding-bottom: 8px;">
<font style="color: #0000FF; font-size: 13px; font-family: Times New Roman">ir@argoblockchain.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 20%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px; padding-top: 8px; padding-bottom: 8px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Information
Agent - Kroll Issuer Services</font></div>
</td>
<td style="vertical-align: top; width: 20%; border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px; padding-top: 8px; padding-bottom: 8px;">
<font style="color: #0000FF; font-size: 13px; font-family: Times New Roman">argo@is.kroll.com</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
About Argo:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK)
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</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">www.argoblockchain.com</font><font style="color: #000000; font-size: 13px">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Forward looking statements</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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 proposed Restructuring Plan and its expected
effects; the Company's operating and financial outlook; and
internal estimates, projections, forecasts, and valuation analyses
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 Company's ability to
implement the proposed Restructuring Plan on the expected timeline
or at all; 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.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">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.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 38%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
07 November, 2025</font></div>
</td>
<td style="vertical-align: top; width: 62%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARGO BLOCKCHAIN PLC</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
<font style="font-style: italic">/s/ Justin
Nolan</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Justin Nolan</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>


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