Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 25

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 25
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 |        161 |
| Cash and cash equivalents at beginning of period                           |   |       |   |     20,092 |   |     15,923 | ​ |      2,785 |
| Cash and cash equivalents at end of period                                 |   |       |   |      7,443 |   |     20,092 | ​ |     15,923 |

F-8

ARGO BLOCKCHAIN PLC

Material non-cash movements:

| ● | The Group sold its Helios facility in December 2022, in exchange for paying down existing debt and obtaining new debt. See Note 20 for additional details. |

| ● | In March 2022, the Group entered into an agreement to exchange mining machines and terminate a hosting agreement. See Note 20 for additional details. |

| ● | During the period, the Group utilised “Prepayments for mining machines” amounting to $4,118,000 included within receivables in order to acquire mining machines within property plant and equipment additions |

| ​                                
 ​                                | ​ |  ​ | ​ |           ​ 
  Year ended | ​ |           ​ 
  Year ended |
|:---------------------------------|:--|---:|:--|------------:|:--|------------:|
| ​                                | ​ |  ​ | ​ | 31 December | ​ | 31 December |
| ​                                | ​ |  ​ | ​ |        2023 | ​ |        2022 |
| Group - net debt reconciliation  | ​ |  ​ | ​ |       $’000 | ​ |       $’000 |
| Current loans and borrowings     |   | 27 |   |     -14,320 |   |     -11,605 |
| Non-current issued debt – bonds  |   | 27 |   |     -38,170 |   |     -37,809 |
| Non-current loans and borrowings |   | 27 |   |     -10,027 |   |     -25,916 |
| Lease liability                  |   |  ​ |   |           — |   |        -545 |
| Cash and cash equivalents        | ​ |  ​ | ​ |       7,443 | ​ |      20,092 |
| Total net debt                   |   |  ​ |   |     -55,074 |   |     -55,783 |

**F-9

ARGO BLOCKCHAIN PLC