Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 16

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 16
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|:--|-------------------:|:--|-------------------:|:--|-------------------:|
| (in ’000’s)                                              | ​ |                  $ | ​ |                  $ | ​ |                  $ |
| Net cash flow from / (used in) operating activities.     |   |            -47,956 | ​ |           -101,237 | ​ |            -37,019 |
| Net cash from/(used in) investing activities             |   |             50,804 | ​ |             17,325 | ​ |           -183,066 |
| Net cash generated from / (used in) financing activities |   |            -15,778 | ​ |             84,177 | ​ |            233,062 |
| Net increase / (decrease) in cash and cash equivalents   |   |            -12,930 | ​ |                265 | ​ |             12,977 |

Operating Activities Net cash used in operating activities of $47,956 in the year ended December 31, 2023 was comprised of our net loss before tax of $34,637 and working capital changes, reduced by non-cash addbacks for finance costs, impairments, depreciation, foreign exchange and investment write offs. Net cash used in operating activities of $101,237 in the year ended December 31, 2022 was comprised of our net loss before tax of $240,692 and working capital changes, reduced by non-cash addbacks for impairments, loss on sale of subsidiary, foreign exchange and digital currency revaluations. Net cash used in operating activities of $37,019 in the year ended December 31, 2021 was comprised of our operating profit of $53,067, reduced by working capital changes. Investing Activities Net cash generated from investing activities in the year ended December 31, 2023 was $50,804, which was comprised principally $1,112 for the purchase of tangible fixed assets. Net cash generated from investing activities in the year ended December 31, 2022 was $17,325, which was comprised principally of $108 million for the purchase of tangible fixed assets and $12.4 million for the disposal of tangible fixed assets. Net cash used in investing activities in the year ended December 31, 2021 was $183,066, which was comprised principally of $105.1 million for purchase of mining machines and build out of the Helios facility and $63.1 million in