Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 33

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 33
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 atmosphere. On a 100- year timescale, methane has 28 times greater global warming potential than carbon dioxide and is 84 times more potent on a 20-year timescale. Instead of venting or flaring the waste gas, it can be combusted in a generator to provide electricity for Bitcoin mining operations. Combusting the natural gas reduces methane emissions by up to 99% when compared to venting or flaring. This therefore provides an opportunity for both parties since a Bitcoin miner can provide an economic incentive to reduce the methane emissions of oil & gas producers whilst the Bitcoin miner gains access to low-cost energy for its Bitcoin mining machines.

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Energy/Resource Efficiency

Additionally, we have worked on becoming more efficient with the energy we use through purchasing more energy- efficient technologies. These initiatives have included:

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Having our fleet hosted at the Helios site through year end 2024 in the West Load Zone of Texas, where more than 85% of the installed generation capacity is renewable.

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Constructing the Helios facility so that it uses high-efficiency immersion cooling technology.

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Purchasing Bitcoin mining machines which can be optimised to run on various efficiency settings, therefore enabling the Group to increase efficiency depending on market conditions.

These initiatives ensure that we keep pace with the transition to a net-zero economy by proactively complying with evolving regulation, providing energy efficient technology and maintaining a strong reputation amongst our stakeholders.

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Stakeholder engagement

We have taken a proactive approach to developing a more efficient and cleaner industry through the promotion of transparency, sharing of best practice and education to the public about the benefits of Bitcoin and Bitcoin mining. Argo is a founding member of the Bitcoin Mining Council, which educates the public on the increasing amount of renewable energy used for Bitcoin mining. It also seeks to improve reporting and increase the amount of data available on the use of renewable energy within the sector. Argo also seeks to engage with regulators and policymakers at the state and federal level to educate them on the benefits of Bitcoin mining. Argo is a member of the Digital Power Network, which is a coalition spearheading policy advocacy for digital asset mining in Washington, DC and crafting the future of energy policy.

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Site location

Our property strategy includes criteria that considers the availability of renewable electricity and the sites’ exposure to the physical risks of climate change.

Recommended disclosure: c. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario