Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 47

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 47
---
 |        |        945 |           -12,930 |
| Effect                                               
 of foreign exchange on cash and cash equivalents     |        |        238 |               281 |
| Cash                                                 
 and cash equivalents at beginning of period          |        |      7,443 |            20,092 |
| Cash                                                 
 and cash equivalents at end of period                |        |      8,626 |             7,443 |

Material non-cash movements:

| Group - net debt reconciliation  |      | Year ended 31 December 2024 | Year ended 31 December 2023 |
|:---------------------------------|-----:|----------------------------:|----------------------------:|
|                                  | Note |                       $’000 |                       $’000 |
| Current loans and borrowings     |   25 |                        -857 |                     -14,320 |
| Non-current issued debt – bonds  |   25 |                     -39,304 |                     -38,170 |
| Non-current loans and borrowings |   25 |                           - |                     -10,027 |
| Cash and cash equivalents        |      |                       8,626 |                       7,443 |
| Total net debt                   |      |                     -31,535 |                     -55,074 |

### NOTES TO THE FINANCIAL STATEMENTS

#### 1.
COMPANY INFORMATION

Argo Blockchain PLC (“the company”) is a public company, limited by shares, and incorporated in England and Wales. The registered office is Eastcastle House, 27-28 Eastcastle Street, London, W1W 8DH. The company was incorporated on 5 December 2017 as GoSun Blockchain Limited and changed its name to Argo Blockchain Limited on 21 December 2017. Also on 21 December 2017, the company re-registered as a public company, Argo Blockchain plc. Argo Blockchain plc acquired a 100% subsidiary, Argo Innovation Labs Inc. (together “the Group”), incorporated in Canada, on 12 January 2018.

On 4 March 2022 the Group acquired 100% of the share capital of DPN LLC and was merged into new US entity Argo Innovation Facilities (US) Inc (also 100% owned by Argo Blockchain plc).

On 11 May 2022 the Group acquired 100% of the share capital of 9377-2556 Quebec Inc and 9366-5230 Quebec Inc. These are held by Ar