Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 140

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 140
---
 investors in such entities);
--------------------------------------------------------------------------------------------------------------

●   tax-exempt or flow-through entities, including an “individual retirement account” or “Roth IRA,” governmental organizations, grantor trusts, regulated investment companies or real estate investment trusts;
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   persons subject to special tax accounting rules as a result of their use of applicable financial statements within the meaning of Section 451(b)(3) of the Internal Revenue Code of 1986, as amended (the “Code”);
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   persons that own, directly or indirectly, or are deemed to own by attribution ten percent or more of our shares (by vote or value); or
------------------------------------------------------------------------------------------------------------------------------------------

●   persons holding ordinary shares or ADSs in connection with a trade or business conducted outside of the United States.
--------------------------------------------------------------------------------------------------------------------------
If an entity that is classified as a partnership for U.S. federal income tax purposes holds ordinary shares or ADSs, the U.S. federal income tax treatment of a partner will generally depend on the status of the partner and the activities of the partnership. Partnerships holding ordinary shares or ADSs and partners in such partnerships should consult their tax advisers as to the particular U.S. federal income tax consequences of owning and disposing of the ordinary shares or ADSs.
This discussion is based on the Code, administrative pronouncements, judicial decisions, final, temporary and proposed Treasury regulations, all as of the date hereof, any of which is subject to change or differing interpretations, possibly with retroactive effect. We have not sought and will not seek an advance ruling from the U.S. Internal Revenue Service (the “IRS”) regarding any matter discussed in this report and the statements in this report are not binding on the IRS or any court. Thus, no assurance can be given that the IRS would not assert, or that a court would not sustain a position contrary to any of the tax consequences described below.
As used in this discussion, a “U.S. Holder” is a beneficial owner of ordinary shares or ADSs who is, for U.S. federal income tax purposes:

●   a citizen or individual resident of the United States;
----------------------------------------------------------
109

●   a corporation, or other entity taxable as a corporation, created or organized in or under the laws of the United States, any state therein or the District of Columbia;
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   an estate the income of which is subject to U.S. federal income taxation regardless of its source; or
---------------------------------------------------------------------------------------------------------

●   a trust (i) with respect to which a court