Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 43

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 43
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 appropriate CGU, together with other corporate assets where       
 applicable, and performing the impairment assessment at the       
 separate CGU levels;                                              
 ● Checking the mathematical accuracy of the value in use          
 calculations;                                                     
 ● Obtaining evidence of current selling prices of new and         
 used machines in order to assess their expected recoverable       
 value;                                                            
 ● Performing sensitivity analysis on the key inputs in the        
 value in use calculations prepared, and assess the accuracy of    
 previous forecasts to actual results;                             
 ● Performing virtual physical verification checks of the          
 owned, hosted mining machines and obtaining third party           
 confirmation of unhosted mining machines subject to               
 refit;                                                            
 ● Assessing the useful life of the machines;                      
 ● Performing a stress test of the value in use calculation to     
 a point where an impairment would be required, and assessing the  
 likelihood of such an outcome; and                                
 ● Reviewing the disclosures in the financial statements and       
 ensure they comply with the requirements of IAS 36.               
 Key observations:                                                 
 An impairment charge of $31.5 million was recognised in profit or 
 loss during the year. We are satisfied that management’s          
 impairment assessment and conclusions are reasonable.             |

#### Other information
**The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion the part of the directors’ remuneration report to be audited has been properly prepared in accordance with the Companies Act 2006.

In our opinion, based on the work undertaken in the course of the audit:**

●

the information given