Company Movements - Spruce Biosciences, Inc. experienced a monumental surge, with its price jumping to $136.81, marking a 1451% increase due to the FDA granting Breakthrough Therapy Designation for its tralesinidase alfa enzyme replacement therapy for treating Sanfilippo Syndrome Type B [1][7] - OneMedNet Corporation Warrants saw its price increase by 233.17% to $0.19, related to a strategic partnership with Palantir Technologies to enhance its healthcare AI and data analytics capabilities [2][7] - OneMedNet Corporation also made notable gains, with its price escalating by 184.88% to $2.93, driven by investor optimism around its technology and the partnership with Palantir Technologies [3][7] - Society Pass Incorporated experienced a 146.18% increase in its price to $3.47, following an analyst upgrade based on the company's robust second-quarter performance and positive future outlook [4][7] - Argo Blockchain plc saw its price rise by 106.89% to $0.86, despite uncertainty over its financial future, linked to ongoing negotiations regarding a senior secured loan crucial for its recapitalization plan [5][7] Market Dynamics - The significant price movements of these companies underscore the diverse factors at play in the financial markets, including technological innovations, clinical advancements, and strategic corporate actions [6][7]

Core Insights - As of mid-2025, 135 publicly traded companies collectively hold over 657,000 BTC, representing approximately 3.3% of all Bitcoin in existence [2][10] - Companies view Bitcoin either as a speculative asset, an inflation hedge, or a strategic reserve similar to digital gold [2][10] - The corporate adoption of Bitcoin spans various sectors, including crypto mining, fintech, healthcare, and retail [9] Bitcoin Treasury Firms - Companies in this category treat Bitcoin as a core treasury asset [3] Bitcoin Mining Companies - Publicly traded miners often retain a portion of their mined BTC [4] - Notable holders include Marathon Digital Holdings (~49,000 BTC), Riot Platforms (~19,200 BTC), and CleanSpark (~12,600 BTC) [5] Fintech, Crypto & Exchange Platforms - Payment firms, trading platforms, and custodians directly holding Bitcoin include Tesla (~11,500 BTC), Coinbase Global (~9,300 BTC), and Block Inc. (~8,600 BTC) [8] Other Public Companies - Companies from non-crypto industries with Bitcoin allocations include MercadoLibre, NEXON, and Alliance Resource Partners [8][9] - The list of Bitcoin holders now includes a diverse range of sectors beyond traditional crypto firms [9]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Argo Blockchain plc (NASDAQ:ARBK) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET Company Participants Markella Zarifi - Financial Communications Representative Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, ladies and gentlemen, and welcome to the Argo Blockchain plc Q3 Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. [Operator Instructions] I'd now like to hand over to Mark ...

Financial Data and Key Metrics Changes - In Q2 2024, the company mined 188 Bitcoin, generating revenue of $12.4 million, a decrease from $16.8 million in Q1 2024 and consistent with $12.6 million in Q2 2023 [7][8] - Mining profit decreased from $6.4 million in Q1 2024 to $5 million in Q2 2024, with a mining margin of 41% in Q2 compared to 38% in Q1 [8][9] - The company recorded a $22 million non-cash impairment charge on its mining machines due to decreases in fair market values and changes in mining economics [9][25] Business Line Data and Key Metrics Changes - The company achieved a mining margin of 41% in Q2 2024, up from 38% in Q1 2024, despite lower revenue due to the Bitcoin halving [8][9] - Adjusted EBITDA for Q2 was $2.6 million, down from $3.8 million in Q1 2024 but up from $1.6 million in Q2 2023 [9] Market Data and Key Metrics Changes - The macroeconomic environment has influenced the Bitcoin mining sector, with central banks indicating a potential pause in interest rate hikes, providing some stability for miners [5] - Energy prices remain a concern due to geopolitical instability and supply chain disruptions, affecting operational costs for Bitcoin miners [5][6] Company Strategy and Development Direction - The company aims to focus on financial discipline, operational excellence, and growth, positioning itself to take advantage of opportunities for development [4] - The repayment of the $35 million Galaxy debt allows the company to explore growth opportunities and improve its balance sheet [10][12] - The company is analyzing potential growth opportunities at its Baie Comeau site, which could increase its hashrate capacity significantly [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding Bitcoin mining economics, believing the fundamentals of the network remain strong despite current challenges [33] - The company plans to continue focusing on low-cost and reliable power access while exploring strategic partnerships in the energy sector [17][18] Other Important Information - The company has reduced its operating expenses by over 70% compared to the second half of fiscal 2022, indicating strong cost management [14] - The sale of the Mirabel facility allowed the company to streamline operations and reduce non-mining operating expenses by $700,000 annually [13] Q&A Session Summary Question: Update on debt situation and fleet expansion - The Galaxy debt has been paid off, and the main outstanding debt is the baby bonds maturing in November 2026. The focus is on efficiency rather than raw growth in fleet expansion [20][21] Question: Future growth opportunities in Quebec - The company is considering growth opportunities at Baie Comeau and remains open to exploring partnerships and new site selections [22][23] Question: Details on the impairment charge - The impairment charge of $22 million reflects decreases in fair market values of mining equipment and changes in mining economics post-Bitcoin halving [24][25] Question: Outlook for Bitcoin mining economics - The company remains cautiously optimistic about Bitcoin mining economics, expecting improvements as operational efficiencies are realized [32][33] Question: Plans for dividends - There are no current plans to start paying dividends; excess cash will be used for debt repayment or future growth investments [38][39] Question: Update on the shareholder lawsuit - The company filed a motion to dismiss the shareholder lawsuit in March and is awaiting a court ruling [40][41]

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 August, 2024 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 ...

Core Viewpoint - Argo Blockchain PLC has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook on its earnings estimates, which is expected to positively influence its stock price [1][2]. Earnings Outlook - The Zacks Consensus Estimate predicts Argo Blockchain will earn -$0.32 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 52.9% [5]. - Over the past three months, analysts have raised their earnings estimates for Argo Blockchain by 40.6% [5]. Impact of Earnings Estimates - Changes in a company's earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to significant price movements based on their buying or selling actions [3]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [4]. - The upgrade of Argo Blockchain to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [7].

The price trend for Argo Blockchain PLC Sponsored ADR (ARBK) has been bearish lately and the stock has lost 5% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not t ...

Argo Blockchain PLC Sponsored ADR (ARBK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Financial Data and Key Metrics Changes - In Q1 2024, the company generated approximately $17 million in revenue, a 4% increase from Q4 2023, primarily due to elevated hash prices [6][9] - Cash in hand at the end of Q1 2024 was $12.4 million, up from $7.4 million at the end of 2023 [6] - The mining margin percentage for Q1 2024 was 38%, an increase from 34% in Q4 2023 [9] - Adjusted EBITDA for Q1 2024 was $3.8 million, nearly doubling from the previous year [9] Business Line Data and Key Metrics Changes - The company mined 319 Bitcoin in Q1 2024, with an average direct cost per Bitcoin mined of approximately $32,000 [9] - The sale of the Mirabel facility for $6.1 million allowed for a reduction in operational expenses by about $700,000 annually [7][39] Market Data and Key Metrics Changes - The Bitcoin block subsidy decreased from 6.25 to 3.8 Bitcoin following the recent halving [4] - The network hash rate peaked at 654 exahash before the halving but dropped to 580 exahash shortly after [5] Company Strategy and Development Direction - The company is focused on financial discipline, operational excellence, and strategic partnerships as part of its R3 priorities [3] - There is an emphasis on transitioning to clean energy and integrating operational capabilities with energy companies [12] - The company aims to leverage its size to target smaller sites with unique power cost characteristics [19][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities despite the challenges posed by the recent halving and market volatility [3][4] - The company plans to continue practicing economic curtailment during high power prices to maintain mining margins [14][15] - Management highlighted the importance of maintaining a strong fiscal position while exploring growth opportunities [21][31] Other Important Information - The company executed an equity raise of nearly $10 million in January 2024 and used proceeds from the Mirabel sale to reduce debt [6][9] - The company has reduced its Galaxy debt significantly, from $35 million to approximately $12.8 million [31] Q&A Session Summary Question: Can you elaborate on the Galaxy relationship and mining during summer months? - The company can curtail operations during high power prices, generating power credits that reduce mining costs [14][15] Question: Will Argo invest in infrastructure again or only focus on machines? - The company is open to both hosted machines and infrastructure investments, evaluating opportunities on a case-by-case basis [17] Question: What growth opportunities is Argo seeking? - The company is looking for smaller sites with unique power characteristics but cannot disclose specific details at this time [19] Question: How does Argo plan to return to growth while balancing debt obligations? - The company aims to optimize operational efficiency and leverage strategic partnerships while maintaining fiscal responsibility [21] Question: Can you speak to power prices for the second quarter? - Power prices are expected to be volatile, influenced by summer demand, and the company will remain agile to capitalize on economic curtailment [23][24] Question: Does Argo have plans to branch into AI data centers? - The company has explored the possibility but remains focused on Bitcoin mining operations for now [26] Question: How is management approaching capital allocation strategy? - The company will balance expense management with fleet upgrades, considering hash price and energy costs [28][29] Question: What are your plans for increasing efficiency and reducing downtime? - The company is focused on maintaining uptime and improving operational efficiency, with a 5% increase in daily Bitcoin production noted [34] Question: What is the current hash rate across all facilities? - The hash rate capacity at Baie Comeau is about 300 petahash, while Helios has approximately 2.4 exahash [36] Question: What was the thought process around selling the Mirabel facility? - The sale price was favorable, and it allowed for operational consolidation, reducing overhead and maintaining hash rate capacity [38][39]