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, 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
|
Exhibit
No.
1
|
Description
Nasdaq
Delisting Notice and Hearing Request dated 24 July
2025
|
Press Release
24 July 2025
Argo Blockchain plc
("Argo" or the "Company")
Argo Receives Nasdaq Delisting Notice and Intends to Request a
Hearing
As previously announced, on 16 January 2025, Argo Blockchain plc
(LSE: ARB; Nasdaq: ARBK) received a letter from The Nasdaq Stock
Market LLC Listing Qualifications
Department ("Nasdaq") indicating that it was
not in compliance with the minimum bid price requirement set forth
in Nasdaq Listing Rule 5450(a)(1) because the bid price of Argo's
American Depositary Shares ("ADSs") closed below $1.00 per share
for 30 consecutive business days.
Argo announces today that it received a letter from Nasdaq dated 18
July 2025, indicating that Argo has not regained compliance with
the minimum bid price requirement pursuant to the cure period
provided by Nasdaq Listing Rule 5810(c)(3)(A) by the prescribed
deadline of 15 July 2025, and that, as a result, Nasdaq has
determined to delist Argo's ADSs from the Nasdaq Global Select
Market.
In accordance with the Nasdaq Listing Rules, Argo intends to
request a hearing before a Nasdaq Hearings Panel. The hearing
request will automatically stay any suspension or delisting action
pending the conclusion of the hearings process and it is expected
that the Company's securities will continue to trade on Nasdaq
under its trading symbol: ARBK.
There can be no assurance that Argo will be able to regain
compliance with the minimum bid price requirement or will otherwise
be in compliance with all other applicable Nasdaq Listing Rules, or
that Argo's hearing will be successful.
If Argo's securities are suspended from trading on or delisted from
Nasdaq, it could become more difficult to buy or sell Argo's ADSs
or to obtain accurate quotations, and the price of Argo's ADSs
could suffer a material decline.
Further announcements will be made as appropriate.
This announcement contains inside information.
For further information please contact:
|
Argo Blockchain
|
|
|
Investor Relations
|
|
|
Tennyson Securities
|
|
|
Corporate
Broker
Peter Krens
|
+44 207 186 9030
|
|
Fortified Securities
|
|
|
Joint
Broker
Guy Wheatley, CFA
|
+44 7493 989014
|
|
Tancredi Intelligent Communication
UK
& Europe Media Relations
|
|
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.
This release contains information about Argo management's view of
future expectations, plans and prospects that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. Actual results may differ materially from historical results
or those indicated by these forward-looking statements as a result
of a variety of factors and are subject to certain assumptions,
risks, uncertainties and changes in circumstances. If Argo is
unable to regain compliance with the Nasdaq minimum bid price
requirement and its hearing is unsuccessful, its ADSs will be
delisted from the Nasdaq Global Select Market. If the ADSs are
delisted from the Nasdaq Global Select Market, they may trade on
the over-the-counter market, which may be a less liquid market. In
such case, your ability to trade, or obtain quotations of the
market value of, the ADSs could be severely limited because of
lower trading volumes and transaction delays. These factors could
contribute to lower prices and larger spreads in the bid and ask
prices for the ADSs.
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:
24 July, 2025
|
ARGO BLOCKCHAIN PLC
By:
/s/ Justin
Nolan
Name:
Justin Nolan
Title:
Chief Executive Officer
|