Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 49

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 49
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 -0.48 |   |    0.10 |

The diluted loss per Ordinary Share is calculated by adjusting the weighted average number of Ordinary Shares outstanding to consider the impact of options, warrants and other dilutive securities. As the effect of potential dilutive Ordinary Shares in the current and prior year would be anti-dilutive, they are not included in the above calculation of dilutive earnings per Ordinary Share for 2023 and 2022.

F-27

ARGO BLOCKCHAIN PLC

13.TAXATION

| ​                                         | ​ |     ​ | ​ |       ​ | ​ |      ​ |
| ​                                         |   |  2023 |   |    2022 |   |   2021 |
| Current tax:                              | ​ | $’000 | ​ |   $’000 | ​ |  $’000 |
| ​                                         | ​ |     ​ | ​ |       ​ | ​ |      ​ |
| Current tax recovery on loss for the year |   |     — |   | -11,731 |   | 10,979 |
| Total current tax                         |   |     — |   | -11,731 |   | 10,979 |

| ​                                                 | ​ |     ​ | ​ |       ​ | ​ |      ​ |
| ​                                                 |   |  2023 |   |    2022 |   |   2021 |
| Deferred tax:                                     | ​ | $’000 | ​ |   $’000 | ​ |  $’000 |
| ​                                                 | ​ |     ​ | ​ |       ​ | ​ |      ​ |
| Origination and reversal of temporary differences |   |     — |   |       — |   |    340 |
| Total deferred tax liability                      | ​ |     — | ​ |       — | ​ |    340 |
| Total tax credit                                  |   |     — |   | -11,731 |   | 11,319 |

No deferred tax has been recognised on the losses brought forward and carried forward on the UK, Canada and US losses given the uncertainty on the generation of future profits.

Income tax expense

The tax on the Group’s profit before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities as follows:

| ​                                                                                                  | ​ |                 ​ | ​ |        ​ | ​ |      ​ |
| ​                                                                                                  | ​ |              2023 |