a4060b
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 March, 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
Hosting
Update dated 20 March 2025
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Press Release
20 March 2025
Argo Blockchain plc
("Argo" or "the Company")
Hosting Update
Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is pleased to announce
the following hosting and miner updates:
●
The Company has
amended its hosting arrangement with Merkle Standard LLC ("Merkle")
to host a total of 9,315 S19J Pro miners at Merkle's Memphis,
Tennessee location, up from the initial 8,113 reported in February
2025.
●
A
further 4,000 S19J Pro miners will be hosted at Merkle's Washington
State location.
●
The
Company has reached an agreement to sell 2,000 S19J Pro miners for
cash proceeds of approximately $550,000.
● As previously disclosed, an additional 2,500 S19J
Pro miners will be installed at Argo's Baie Comeau, Quebec facility
where the Company currently has available
capacity.
By the end of April 2025, after these deployments, the Company
expects 69% of the approximately 23,000 miners previously hosted at
Helios to be operational. After the sale of 2,000 units, the
Company will have approximately 5,000 SJ19 Pro's remaining. The
Company will look to either sell or rehost these based on market
conditions.
This announcement contains inside information.
For further information please contact:
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Argo
Blockchain
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Investor
Relations
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ir@argoblockchain.com
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Tennyson
Securities
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Corporate
Broker
Peter
Krens
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+44
207 186 9030
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Fortified
Securities
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Joint
Broker
Guy
Wheatley, CFA
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+44
7493 989014
guy.wheatley@fortifiedsecurities.com
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Tancredi
Intelligent Communication
UK
& Europe Media Relations
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argoblock@tancredigroup.com
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About Argo:
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 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 future plans and objectives of the Company,
including the expectation to have 69% of the approximately 23,000
miners previously hosted at Helios to be operational, and the
anticipated closing of the sale of 2,000 S19J Pro miners, 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 and other conditions, the principal
risks and uncertainties listed in the risk factors set forth in our
Annual Report and Financial Statements and Form 20-F for the year
ended 31 December 2023, and our Interim Report as of 30
September 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:
20 March, 2025
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ARGO BLOCKCHAIN PLC
By:
/s/ Jim
MacCallum
Name:
Jim MacCallum
Title:
Chief Financial Officer
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