Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 28

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 28
---
 (loss).

The impact to the cash flow statement is reclassification between operating cash flow and investing cash flow.

The numerical impacts to the cash flows and income statements are summarized below.

| ​                                                      | ​ |             ​ | ​ |             ​ | ​ |             ​ | ​ |             ​ | ​ |             ​ | ​ |             ​ |
| ​                                                      |   | 2023-original |   | 2023-restated |   | 2022–original |   | 2022-restated |   | 2021-original |   | 2021-restated |
| Net cash generated from (used in) operating activities |   |         3,831 |   |       -47,956 |   |        13,409 |   |      -101,237 |   |       -41,944 |   |       -37,019 |
| Net cash (used in) generated from investing activities |   |        -1,062 |   |        50,804 |   |       -97,321 |   |        17,325 |   |      -178,141 |   |      -183,066 |
| Net Income (loss)                                      |   |       -35,033 |   |       -34,637 |   |      -240,246 |   |      -228,961 |   |        40,942 |   |        39,074 |

Prior year restatement (2022)

The 2022 income tax accounting was completed based on preliminary information at the time of the financial statement completion. When updating the income taxes for 2023 it was determined that the 2022 estimates were inaccurate and have been restated.

The impact on the 2022 financial statements are as follows:

| Income tax recovery increased by $11,285,000 from $446,000 to $11,731,000.                                                        |
| ​                                                                                                                                 |
| Cumulative translation adjustment increased by $455,000 from $20,184,000 to $20,639,000                                           |
| Net loss decreased by $11,285,000 from a loss of $240,246,000 to a loss of $228,961,000 (excluding current year restatement 2023) |
| Deferred tax liability decreased by $10,589,000 from $10,589,000 to $nil.                                                         |

Statement of Cashflows reclassification

Proceeds from the sale of digital assets were reclassified from investing cashflows