Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 39

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 39
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 table summarizes our contractual obligations and other commitments (in thousands) as of December 31, 2024, and the years in which these obligations are due:

                    Total      Less than 1 Year      1 – 3 Years  
  (in ’000’s)           $      $                     $            
 ──────────────────────────────────────────────────────────────────
  Bonds            39,304      —                     39,304       
  Mortgages           837      418                   419          
  Other                20      20                    —            

During the periods presented, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Table of Contents

Cash Flows

The table below summarizes our cash flows for the periods presented:

                                                                    2024          2023           2022  
  (in ’000’s)                                                                        $              $  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash flow from / (used in) operating activities.          (44,798)      (47,956)      (101,237)  
  Net cash from/(used in) investing activities                    55,067        50,804         17,325  
  Net cash generated from / (used in) financing activities       (9,324)      (15,778)         84,177  
  Net increase / (decrease) in cash and cash equivalents             902      (12,930)            265  

Operating Activities

Net cash used in operating activities of $44,798 in the year ended December 31, 2024 was comprised of our net loss before tax of $54,762, reduced by working capital changes, reduced by digital assets earned, impairment of tangible fixed assets.

Net cash used in operating activities of $47,956 in the year ended December 31, 2023 was comprised of our net loss before tax of $34,637 and working capital changes, reduced by non-cash addbacks for finance costs, impairments, depreciation, foreign exchange, digital assets earned and investment write offs.

Net cash used in operating activities of $101,237 in the year ended December 31, 2022 was comprised of our net loss before tax of $240,692 and working capital changes, reduced by non-cash addbacks for impairments