# EDGAR Filing Document

**Accession Number:** 0001841675
**File Stem:** 0001654954-23-001450
**Filing Date:** 2023-2
**Character Count:** 8284
**Document Hash:** 0fb8f6fc867e264b9a1768755371f934
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-23-001450.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001654954-23-001450

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230208

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Argo Blockchain Plc
- **CENTRAL INDEX KEY:** 0001841675
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40816
- **FILM NUMBER:** 23597239

**BUSINESS ADDRESS:**
- **STREET 1:** 16 GREAT QUEEN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1Y 6LX
- **BUSINESS PHONE:** (604) 657-0554

**MAIL ADDRESS:**
- **STREET 1:** 16 GREAT QUEEN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1Y 6LX

**UNITED STATES**

 **SECURITIES AND EXCHANGE COMMISSION**

 **Washington, D.C. 20549**

 **_____________________**

 **FORM 6-K**

 **_____________________**

 **REPORT OF FOREIGN PRIVATE ISSUER**

 **PURSUANT TO RULE 13a-16 OR 15d-16**

 **UNDER THE SECURITIES EXCHANGE ACT OF 1934**

 **For the month of February, 2023**

 **Commission File Number: 001-40816**

 **_____________________**

 **Argo Blockchain plc**

 **(Translation of registrant's name into English)**

 **_____________________**

 **Eastcastle House**

 **27/28 Eastcastle Street**

 **London W1W 8DH**

 **England**

 **(Address of principal executive office)**

 **_____________________**

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 **EXHIBIT INDEX**

Exhibit No. 1 Description January Operational Update dated 08 February 2023

Press Release

8 February 2023

 **Argo Blockchain plc**

("Argo" or "the Company")

 **January Operational Update**

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for January 2023.

During the month of January, Argo mined 168 Bitcoin or Bitcoin Equivalents (together, BTC), which is an increase of 14% compared to 147 BTC mined in December 2022. The increase in BTC mined was primarily due to fewer curtailment hours in January compared to December, when a severe winter storm impacted much of the United States. This was partially offset by higher network difficulty, which on average, was 3% higher in January than in the prior month.

As of 31 January 2023, the Company held 115 Bitcoin or Bitcoin Equivalents.

The Company's total hashrate capacity continues to be 2.5 EH/s.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in January amounted to $3.42 million [£2.80 million\*] (December 2022 $2.49 million [£2.07 million\*].

The Company continues to work closely with Galaxy Digital Holdings, Ltd. (TSX: GLXY) as they take over operations at Helios. Due to the change in ownership of Helios, Argo will no longer disclose mining profit on a monthly basis; it will no longer include the non-IFRS reconciliation table in its monthly operational updates. The Company will continue to provide these figures on a quarterly basis and in its financial statements.

 **Class Action Lawsuit**

The Company also wishes to address the class action lawsuit that has been filed against the Company. The case, Murphy vs Argo Blockchain plc et al, was filed in the Eastern District of New York on 26 January 2023. Argo has engaged McDermott, Will, and Emery, LLP as its defence counsel. The Company refutes all of the allegations and believes that this class action lawsuit is without merit. Argo will vigorously defend itself against the action.

 **Inside Information and Forward-Looking Statements**

This announcement contains inside information and includes forward-looking statements which reflect the Company's or, as appropriate, the Directors' current views, interpretations, beliefs or expectations with respect to the Company's financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company operates. Statements which include the words "remains confident", "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future, including the risk that the Company may receive the benefits contemplated by its transactions with Galaxy, the Company may be unable to secure sufficient additional financing to meet its operating needs, and the Company may not generate sufficient working capital to fund its operations for the next twelve months as contemplated. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company's actual results, prospects and performance to differ materially from those indicated in these statements. In addition, even if the Company's actual results, prospects and performance are consistent with the forward-looking statements contained in this document, those results may not be indicative of results in subsequent periods. These forward-looking statements speak only as of the date of this announcement. Subject to any obligations under the Prospectus Regulation Rules, the Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency Rules and except as required by the FCA, the London Stock Exchange, the City Code or applicable law and regulations, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. For a more complete discussion of factors that could cause our actual results to differ from those described in this announcement, please refer to the filings that Company makes from time to time with the United States Securities and Exchange Commission and the United Kingdom Financial Conduct Authority, including the section entitled "Risk Factors" in the Company's Registration Statement on Form F-1.

For further information please contact:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Argo Blockchain**<br>|  |
| &nbsp;&nbsp;&nbsp; **Peter Wall**<br>Chief Executive<br>| &nbsp;&nbsp;&nbsp; **ir@argoblockchain.com**<br>|
| &nbsp;&nbsp;&nbsp; **finnCap Ltd**<br>|  |
| &nbsp;&nbsp;&nbsp; Corporate Finance<br>**Jonny Franklin-Adams**<br>**Seamus Fricker**<br>Joint Corporate Broker<br>**Sunila de Silva**<br>| &nbsp;&nbsp;&nbsp; **+44 207 220 0500**<br>|
| &nbsp;&nbsp;&nbsp; **Tennyson Securities**<br>|  |
| &nbsp;&nbsp;&nbsp; Joint Corporate Broker<br>**Peter Krens**<br>| &nbsp;&nbsp;&nbsp; **+44 207 186 9030**<br>|
| &nbsp;&nbsp;&nbsp; **Tancredi Intelligent Communication**<br>UK & Europe Media Relations<br>|  |
| &nbsp;&nbsp;&nbsp; **Salamander Davoudi**<br>**Emma Valgimigli**<br>**Fabio Galloni-Roversi Monaco**<br>**Nasser Al-Sayed**<br>| &nbsp;&nbsp;&nbsp; **argoblock@tancredigroup.com**<br>|

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 **About Argo:**

 **SIGNATURES**

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.

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| | |
|:---|:---|
| Date: 08 February, 2023 | **ARGO BLOCKCHAIN PLC**<br> By:<br>Name: Peter Wall<br> Title: Chief Executive Officer<br>Name: David Zapffe<br> Title: General Counsel<br>|

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