Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 74

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 74
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There has been a significant change in the performance of the investee compared with budgets, plans or milestones;

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There has been a change in expectation that the investee’s technical product milestones will be achieved or a change in the economic environment in which the investee operates;

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There has been an equity transaction, subsequent to the Group’s investment, which crystallises a valuation for the financial asset which is different to the valuation at which the Group invested. The asset’s value will be adjusted to reflect this revised valuation; or

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An independently prepared valuation report exists for the investee within close proximity to the reporting date.

#### 27.
COMMITMENTS AND CONTINGENCIES

A subsidiary has received tax assessments from Canadian tax authorities for value added taxes and income taxes (See Note13). The Company is not subject to other litigation matters in the ordinary course of business.

#### 28.
RELATED PARTY TRANSACTIONS

The compensation paid to related parties in respect of services rendered in 2024 were:

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$135,095 (2023 - $170,554) in respect of fees for Matthew Shaw (Non-executive director);

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$129,909 (2023 - $129,752) in respect of fees for Maria Perrella (Non-executive director);

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$145,562 (2023 - $135,105) in respect of fees for Raghav Chopra (Non-executive director); and

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$92,939 (2023 - $27,659) to Jim MacCallum (CFO) through JMM Consulting Inc.

#### 29.
CONTROLLING PARTY

There is no controlling party of the Group.

#### 30.
POST BALANCE SHEET EVENTS

Thomas Chippas resigned as Chief Executive Officer and Director of the Company effective 28 February 2025. On 24 March 2025, the Board appointed Justin Nolan as Chief Executive Officer and Director of the Group.

In January 2025, the Group received a Notification Letter from Nasdaq Stock Market LLC stating that the Company is not in compliance with minimum bid price for the Company’s American Depositary Shares. The Company has until July 15, 2025 to regain compliance with the minimum bid price requirement.

The Group signed hosting agreements with Merkle Standard LLC to host 9,315 miners at Merkle’s Memphis, Tennessee location and up to 4,000 machines at its Washington State location. Approximately 2,000 units were sent to the Group’s Baie