Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 108

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 108
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          ​           ​        ​     
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​                 Total        Less than 1 Year       1 – 3 Years
(in ’000’s)   ​   $​           $​                     $          
Bonds         ​   39,304   ​   —                  ​   39,304     
Mortgages     ​   837      ​   418                ​   419        
Other         ​   20       ​   20                 ​   —          
​
During the periods presented, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

79

Cash Flows
The table below summarizes our cash flows for the periods presented:

                           ​                               ​       ​       ​       ​       ​        ​    
---------------------------------------------------------------------------------------------------------
​                                                          2024                     2023   2022          
(in ’000’s)                                                ​           ​    ​              $​           $
Net cash flow from / (used in) operating activities.            (44,798)    ​   (47,956)   ​    (101,237)
Net cash from/(used in) investing activities                      55,067    ​     50,804   ​       17,325
Net cash generated from / (used in) financing activities         (9,324)    ​   (15,778)   ​       84,177
Net increase / (decrease) in cash and cash equivalents     902              ​   (12,930)   ​          265
​
Operating Activities
Net cash used in operating activities of $44,798 in the year ended December 31, 2024 was comprised of our net loss before tax of $54,762, reduced by working capital changes, reduced by digital assets earned, impairment of tangible fixed assets.
Net cash used in operating activities of $47,956 in the year ended December 31, 2023 was comprised of our net loss before tax of $34,637 and working capital changes, reduced by non-cash addbacks for finance costs, impairments, depreciation, foreign exchange, digital assets earned and investment write offs.
Net cash used in operating activities of $101,237 in the year ended December 31, 2022 was comprised of our net loss before tax of $240,692 and working capital changes, reduced by non-cash addbacks