Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 78

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 78
---
 was sold on 28 December 2023 pursuant to an equity purchase agreement. The proceeds received for the sale were $65 million against a book value of $120 million resulting in a loss on sale for the Group of $120 million.

6.

KEY JUDGEMENTS AND ESTIMATES

Valuation of investments in subsidiaries and amounts due from group companies – Note 19

Liquidity risk

The Board considered amounts due from group companies and whether any further impairments were required on their carrying value. When considering these amounts, they made use of forecasts of the profitability of the subsidiary and of their revenues and expenditure and concluded that impairment of those assets was necessary based on current forecasts and performance during the first part of 2025.

The forecasts to support this were built using our existing internal models showing positive cash contribution and profitability of the subsidiaries and their future value to the Group as a whole. Both pre and post year end these models show an impairment to the carrying value of one of the subsidiaries. An impairment charge of $32,226 was recognized.

7.

EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the period was:

|               |   2024 |   2023 |
|               | Number | Number |
| Directors and 
 employees     |      6 |      6 |

### SIGNATURES
<div align='center'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

| Date:        
 09 May, 2025 | ARGO BLOCKCHAIN PLC     
 By:/s/ Jim              
 MacCallum               
 Name:                   
 Jim MacCallum           
 Title:                  
 Chief Financial Officer |