0001654954-24-008396.txt : 20240701 0001654954-24-008396.hdr.sgml : 20240701 20240701062608 ACCESSION NUMBER: 0001654954-24-008396 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240701 FILED AS OF DATE: 20240701 DATE AS OF CHANGE: 20240701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Argo Blockchain Plc CENTRAL INDEX KEY: 0001841675 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 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: 241088060 BUSINESS ADDRESS: STREET 1: 16 GREAT QUEEN STREET STREET 2: 9TH FLOOR CITY: LONDON STATE: X0 ZIP: SW1Y 6LX BUSINESS PHONE: (604) 657-0554 MAIL ADDRESS: STREET 1: 16 GREAT QUEEN STREET STREET 2: 9TH FLOOR CITY: LONDON STATE: X0 ZIP: SW1Y 6LX 6-K 1 argoblockchainplc-4667u.htm LOAN EXTENSION argoblockchainplc-4667u
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, 2024
 
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
Loan Extension dated 01 July 2024
 
 
Press release  

1 July 2024
 
 
 
Argo Blockchain plc
 
('Argo' or 'the Company') 
 
Extension of Galaxy Loan 
 
 
Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining using predominantly renewable energy, announces the extension of its loan with Galaxy Digital Holdings Ltd. ("Galaxy") through to December 28, 2024. As of June 30, 2024, the remaining balance of the loan is $5.7 million, which has been reduced from the $35 million originally advanced in December 2022.  With this further loan repayment, the Company expects reduced monthly interest expense on the loan from $440k in July 2023 to $78k in July 2024.
 
This announcement contains inside information.
 
For further information please contact:
 
 
Argo Blockchain
 
 
 
Investor Relations
 
 
ir@argoblockchain.com
 
 
Tennyson Securities
 
 
 
Corporate Broker
 
Peter Krens
 
 
+44 207 186 9030
 
 
Fortified Securities
 
 
 
Joint Broker
 
Guy Wheatley, CFA
 
 
+44 74930989014
 
guy.wheatley@fortifiedsecurities.com
 
 
Tancredi Intelligent Communication
 
UK & Europe Media Relations
 
 
argoblock@tancredigroup.com
 
 
About Argo:
 
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining operations in Quebec and Texas, 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.
 

 
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: 01 July, 2024
ARGO BLOCKCHAIN PLC
By: /s/ Jim MacCallum
Name: Jim MacCallum
Title: Chief Financial Officer