Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 76

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 76
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 identical assets or liabilities (Level 1)

●

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices), or indirectly (that is, derived from prices) (Level 2)

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Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). This is the case for unlisted equity securities.

The following table presents the company’s assets that are measured at fair value at 31 December 2024 and 31 December 2023.

|                                   | Level 
 1     | Level 
 2     | Level 
 3     | Total |
| Assets                            | $’000 | $’000 | $’000 | $’000 |
| Financial assets at               
 fair value through profit or loss |       |       |       |       |
| -       Equity                    
 holdings                          | -     | -     | -     | -     |
| Total                             
 at 31 December 2024               | -     | -     | -     | -     |

|                                   | Level 
 1     | Level 
 2     | Level 
     3 | Total |
| Assets                            | $’000 | $’000 | $’000 | $’000 |
| Financial assets at               
 fair value through profit or loss |       |       |       |       |
| -       Equity                    
 holdings                          |       | -     |   100 |   100 |
| Total                             
 at 31 December 2023               | -     | -     |   100 |   100 |

All financial assets are in unlisted securities. There were no transfers between levels during the period.

The Group recognises the fair value of financial assets at fair value through profit or loss relating to unlisted investments at the cost of investment unless:

●

There has been a specific change in the circumstances which, in the Group’s opinion, has permanently impaired the value of the financial asset. The asset will be written down to the impaired value;

●

There has been a significant change in the performance of the investee compared with budgets, plans or milestones;

●

There has been a change in expectation that the investee’s technical product milestones will be achieved or a change in the economic environment in which the investee operates;

●

There has been an equity transaction, subsequent to the Group’s investment, which crystallises a valuation for the financial asset which is different