Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 39

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 39
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 the Group Statement of Comprehensive Income, the Group and Parent Company Statements of Financial Position, the Group and Company Statements of Changes in Equity, the Group and Company Statements of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and UK-adopted international accounting standards and as regards the parent company financial statements, applied in accordance with the provisions of the Companies Act 2006.

In our opinion, the financial statements:

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give a true and fair view of the state of the group’s and company’s affairs as at 31 December 2024 and of the group’s loss for the year then ended;

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the group financial statements have been properly prepared in accordance with UK-adopted international accounting standards;

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the parent company financial statements have been properly prepared in accordance with UK-adopted international accounting standards and as applied in accordance with the provisions of the Companies Act 2006; and

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the financial statements have been prepared in accordance with the requirements of the Companies Act 2006.

#### Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard as applied to listed public interest entities, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

#### Material uncertainty related to going concern
We draw attention to note 3 in the financial statements, which states that the group is required to raise additional funds during H2 2025 in order to remain a going concern and meet liabilities as they fall due, including interest payments on the unsecured bond (maturity date of November 2026). This is forecast to be achieved through a combination of further sales of refurbished unhosted mining machines, equity raises and the sale of the Baie Comeau property in Canada. In addition, the group is exposed to Bitcoin prices, power costs and hashprice which have shown significant volatility over recent years. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material