Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 32

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 32
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 to guide our activities, and we set our objective of being a climate positive company. Our strategy to be a climate positive company is based on 6 steps:

1.

Minimising emissions at the outset – intentionally locating our own operations on grids with low emissions as well as investing in energy saving and efficiency measures at our own facilities.

2.

Scope 1 emissions – No scope 1 emissions as we have no power generation or generator use at our own facilities.

3.

Scope 2 emissions – Minimise scope 2 emissions through the use of low-emission grids. For any residual scope 2 emissions, RECs may be purchased at owned (Argo) or hosted facilities for emissions created by electricity use.

4.

Scope 3 emissions – VERs may be purchased for emissions resulting from all Argo activities in its value chain.

5.

Additional VERs – Additional VERs may be purchased to become climate positive.

6.

Third-party verification – Argo assessment validated by an accredited third-party verification consultant.

In alignment with these targets, we are focused on addressing the risks and opportunities identified above by integrating climate considerations in our:

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Strategic Partnerships

Argo continually seeks potential opportunities and looks for new ways for our Bitcoin mining operations to provide value to other corporations, utility companies, and government agencies. Below is a non-exhaustive list of some examples of ideas that we are in the process of evaluating:

› Electricity generators or independent power producers– We are evaluating opportunities to co-locate our mining operations with renewable energy producers in order to gain access to “behind the meter” electricity. This type of relationship with a power generator can be symbiotic because we can gain access to low-cost electricity directly from the producer and the power producer will have a buyer of last resort for its electricity regardless of the export capacity or market price obtainable through the power grid.

› Local municipalities– Exploring partnerships with local municipalities to use waste heat from our facilities and provide this heat to the municipality or nearby facilities such as greenhouses that can make use of the heat. This creates a savings for the greenhouse as they can reduce the heat they need. In addition to creating an economic opportunity for both parties, this also saves energy and reduces our collective environmental impact.

› Oil & gas Producers– There is potential for partnerships with oil & gas companies who produce natural gas as an unwanted by-product of their oil production. Currently, oil & gas producers typically dispose of the unwanted natural gas via venting or flaring, which releases methane into the