Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 66

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 66
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 including costs in relation to the refurbishment of the mining machines out of the US facility. Key assumptions include Bitcoin production, hashprice, power prices and discount rate.

Share-based payments – Note 20

The company has issued options and warrants to Directors, consultants and employees which have been valued in accordance with the Black Scholes model. Significant estimation and judgement is required in determining the assumptions under the Black Scholes method. Further details of these estimates are available in note 21.

The company has issued restricted stock units (RSUs) and performance stock units (PSUs) to employees which have been valued based on the share price on the date of the award. The RSUs vest over three years, beginning six months after the award and then every three months thereafter. It is assumed that employees will meet each vesting period and a related expense is recorded each month. If an employee’s employment is terminated prior to a vesting date, the prior expense for that vesting period is reversed. PSUs are amortised over the vesting period based on the most likely outcome of the performance metrics.

Taxation and Contingent liabilities – Notes 13 and 27

The Group is subject to tax liabilities (both income and excise taxes) as assessed by the tax authorities in the jurisdictions in which it operates. The Group has recorded its tax liabilities based on the information which it has available, as described in Note 13.

However, a tax authority could challenge our allocation of income, transfer pricing and eligibility for input tax credits or assert that we are subject to a tax in a jurisdiction where we believe we have not established a taxable connection. If successful, these challenges could increase our expected tax liability in one or more jurisdictions.

#### 7.

#### REVENUES
Cryptocurrency mining revenues are recognised at a point in time. Cryptocurrency management fees are services recognised over time.

#### 8.
EXPENSES BY NATURE

|                                         |   2024 |   2023 |
| Administrative expenses                 |  $’000 |  $’000 |
| Salary                                  
 and other employee related costs        |  4,517 |  6,430 |
| Restructuring                           
 and transaction related costs           |  2,363 |  4,969 |
| Insurance                               |  1,416 |  2,128 |
| Depreciation                            
 and amortisation                        |    738 |  1,473 |
| Legal,                                  
 professional and regulatory fees        |