Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 86

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 86
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 treated as PFICs, notwithstanding such U. S. Holder’s mark-to-market election for our ordinary shares or ADSs.

In addition, in order to avoid the application of the foregoing rules, a United States person that owns ordinary shares or ADSs in a PFIC for U. S. federal income tax purposes may make a “qualified electing fund election” with respect to such PFIC if the PFIC provides the information necessary for such election to be made. We do not intend to provide information necessary for U. S. Holders to make qualified electing fund elections.

In addition, if we were a PFIC or, with respect to particular U. S. Holder, were treated as a PFIC for the taxable year in which we paid a dividend or for the prior taxable year, the preferential dividend rates discussed above with respect to dividends paid to certain non-corporate U. S. Holders that would otherwise be eligible for taxation as qualified dividend income would not apply.

If a U. S. Holder owns ordinary shares or ADSs during any year in which we are a PFIC, the holder must file annual reports containing such information as the U. S. Treasury may require on IRS Form 8621 (or any successor form) with respect to us as well as any of our subsidiaries that are PFICs, with the holder’s federal income tax return for that year.

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U. S. Holders should consult their tax advisers concerning our potential PFIC status and the potential application of the PFIC rules to their investments in our ordinary shares or ADSs.

Information Reporting and Backup Withholding

Payments of dividends and sales proceeds that are made within the United States or through certain U. S.-related financial intermediaries are subject to certain information reporting requirements, and may be subject to backup withholding, unless (i) the U. S. Holder is a corporation or other exempt recipient or (ii) in the case of backup withholding, the U. S. Holder provides a correct taxpayer identification number and certifies under penalties of perjury that it is not subject to backup withholding. Backup withholding is not an additional tax, and the amount of any backup withholding from a payment to a U. S. Holder will be allowed as a credit against the holder’s U. S. federal income tax liability and may entitle it to a refund, provided that the required information is timely furnished to the IRS. U. S. Holders should consult their tax advisers regarding the backup withholding tax and information reporting