Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 72

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 72
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1.0m) to purchase equipment. The loan is repayable over a period of 36 months with an interest rate of 11.9%. In June 2022, the loan was assigned to North Mill Equipment Finance LLC (“New Mill”). The loan was repaid during the year as part of the Galaxy transaction.

In December 2022, the Group sold Galaxy Power LLC and entered into a loan agreement with Galaxy Digital LLC for USD$35 million. Proceeds were used to pay off the Galaxy Digital LP, New Mill and NYDIG loans and working capital. The Galaxy Digital LLC loan was payable monthly based on an amortization schedule over 32 months with an interest rate of the secured overnight financing rate by the Federal Reserve Bank of New York plus 11%. The loan was secured by the Group’s property, plant and equipment.

In August 2024, the Galaxy Digital LLC loan was paid in full.

(c)

Mortgage – Quebec Facility

The mortgage is secured against the property at Baie-Comeau and is repayable over 24 months at an interest rate of Lender Prime + 0.5%. (5.95% as of 31 December 2024).

#### 26.
FINANCIAL INSTRUMENTS

|                                               | Group 2024 | Group 2023 |
|                                               |      $’000 |      $’000 |
| Carrying amount of financial assets           |            |            |
| Measured at amortised cost                    |            |            |
| - Trade and other receivables                 |        141 |      1,131 |
| - Cash and cash equivalents                   |      8,626 |      7,443 |
| Measured at fair value through profit or loss |        300 |        400 |
| Total carrying amount of financial assets     |      9,067 |      8,974 |
| Carrying amount of financial liabilities      |            |            |
| Measured at amortised cost                    |            |            |
| - Trade and other payables                    |      8,184 |      7,501 |
| - Short term loans                            |         20 |        280 |
| - Long term loans                             |        837 |     25,599 |
| - Issued debt – bonds                         |     39,304 |     38,170 |
| carrying amount of financial liabilities      |     48,345 |     71,550 |

Fair Value Estimation