Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 24

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 24
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 machines were to be sold to a third party and to also assess the validity of the salvage value as part of the VIU calculation; 
 ●Performing sensitivity analysis on the key inputs in the VIU calculations prepared, and assessing the accuracy of previous forecasts to actual results;                                                                                              
 ●Engaging our internal valuation specialists to perform a Weighted Average Capital Cost calculation to compare against the discount rate applied by management in their assessment;                                                                   
 ●Performing physical verification checks of the mining machinery to assess for any indicators of impairment;                                                                                                                                          
 ●Reviewing management’s assessment of the useful life of mining machinery and ensuring this is appropriate; and                                                                                                                                       
 ●Reviewing the disclosures in the financial statements and ensuring they provide a true and fair view of management’s assessment performed.                                                                                                           |

F-3

#### Restatement of Previously Issued Financial StatementsAs discussed in Note 2 to the consolidated financial statements, the December 31, 2023, 2022 and 2021 consolidated financial statements have been restated to correct a misstatement./s/PKF Littlejohn LLPWe have served as the Company’s auditor since 2019.London, EnglandDate: 30/04/2024, except for the effects of the restatement as discussed in Note 2 to the consolidated financial statements, as to which the date is 22/04/2025.​​​

#### F-4
ARGO BLOCKCHAIN PLC

GROUP STATEMENT OF COMPREHENSIVE INCOME (RESTATED)

| ​                                                                          
 ​                                                                          | ​ |    ​ | ​ |          ​ 
 Year ended | ​ |          ​ 
 Year ended | ​ |          ​ 
 Year ended |
|:---------------------------------------------------------------------------|:--|-----:|:--|-----------:|:--|-----------:|:--|-----------:|
| ​                                                                          | ​ |    ​ | ​ |   December | ​ |   December | ​ |   December |
| ​                                                                          | ​ |    ​ | ​ |       2023 | ​ |       2022 | ​ |       2021 |
| ​                                                                          | ​ |    ​ | ​ | (Restated, | ​ | (Restated, | ​ | (Restated, |
| ​                                                                          | ​ |    ​ | ​ |    Note 2) | ​ |    Note 2) | ​ |    Note 2) |
| Continuing operations                                                      |   | Note |   |      $’000 |   |      $’000 |