argoblockchainplc6k
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 September, 2024
Commission File Number: 001-40816
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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
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Description
Argo August
Operational Update dated 05 September 2024
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Press Release
5 September 2024
Argo Blockchain plc
("Argo" or "the Company")
August Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:
ARB; NASDAQ: ARBK), is pleased to provide the following operational
update for August 2024.
During the month of August, the Company mined 38 Bitcoin ("BTC"),
or 1.2 BTC per day down from 1.5 per day in July 2024. BTC
production was down due to more frequent economic curtailments
during the month and lower hash price.
Mining revenue in August 2024 amounted to $2.3 million down from
$3.0 million in July 2024. Mining margin for August 2024 was below
10%, lower than July as a result of the lower hash price realized
in August compared to July, and higher power prices. As at 31
August 2024, the Company held 10 BTC equivalent.
Allotment of New Shares
Additionally, the Company announces that it has issued
1,468,730 new
ordinary shares of £0.001 each in the capital of the Company
("Ordinary Shares") pursuant to the terms of previously granted
Restricted Share Units under the 2022 Equity Incentive Plan
approved by shareholders at the Company's 2022 Annual General
Meeting.
The new Ordinary Shares rank pari passu with the existing Ordinary
Shares in issue, and application has been made for the shares to be
admitted to the Official List and to trading on the Main Market of
the London Stock Exchange PLC.
Share Capital and Total Voting Rights
The Company also announces, in compliance with its obligations
under Rules 5.6.1R and 5.6.2G of the Disclosure Guidance and
Transparency Rules, that as at 31 August 2024, the Company's share
capital will consist of 637,820,878 ordinary shares of
£0.001 each (Ordinary Shares). All of the Ordinary Shares have
equal voting rights and there are no shares held in
Treasury.
The above figure may be used by shareholders as the denominator for
the calculations by which they can determine whether they are
required to notify their interest in, or a change of their interest
in, the Company under the FCA Disclosure Guidance and Transparency
Rules.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
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Investor Relations
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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
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Tancredi Intelligent Communication
UK
& Europe Media Relations
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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 mining facilities in Quebec, mining operations in
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:
05 September, 2024
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ARGO BLOCKCHAIN PLC
By:
/s/ Jim
MacCallum
Name:
Jim MacCallum
Title:
Chief Financial Officer
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