Financial Reporting and Accounting - The company reported a fiscal year-end on December 31, with financial statements prepared in accordance with IFRS[9] - Financial information is presented in U.S. dollars, with all references to "$" indicating U.S. dollars[9] - Changes in financial accounting standards could significantly affect the company's reported financial results and investor confidence[120] - The company may incur extraordinary, non-recurring expenses due to potential regulatory requirements imposed by the CFTC related to its mining activities and transactions in Bitcoin and digital assets[196] Market and Industry Risks - The company acknowledges the volatility of cryptocurrency markets, which can significantly impact financial performance[16] - The company has experienced significant fluctuations in operating results due to the highly volatile nature of digital assets, which are influenced by market sentiments and broader blockchain ecosystem movements[43] - The company's total revenue and cash flow are heavily reliant on the market value of digital assets and the volume of assets mined; any decline in these factors could adversely impact financial performance[45] - The company may experience financial exposure due to volatility in the Bitcoin market, which could lead to liquidity shortages if not properly hedged[56] - The acceptance and widespread use of digital assets remain uncertain, contributing to price volatility and potential adverse effects on investments[76] - The emergence of central bank digital currencies (CBDCs) could compete with Bitcoin, potentially impacting its market position[65] - The transition of digital asset networks from proof-of-work to proof-of-stake could negatively impact the company's competitiveness in the mining sector[36] - The company faces potential adverse impacts from regulatory changes affecting digital asset activities, which could influence demand and market value[52] Operational Challenges - The company is focused on expanding its digital asset ecosystem, which includes various stakeholders and technologies[22] - The report outlines the risks associated with mining difficulty and network performance, which can affect operational outcomes[26] - The company generates nearly all revenue from cryptocurrency rewards and transaction fees, making it vulnerable to fluctuations in cryptocurrency prices and market liquidity[46] - The company may face challenges in raising additional capital needed for growth, especially after experiencing significant losses in the cryptocurrency market[40] - The company relies on third-party custodians for digital asset storage, exposing it to potential security threats that could result in asset loss[35] - The company is subject to extensive regulatory oversight, and any adverse changes in laws or regulations could affect its business operations and financial condition[158] - The company may face significant fines and regulatory consequences if it fails to comply with evolving laws and regulations related to digital assets, which could adversely affect its business and financial condition[161] Cybersecurity and Technology Risks - Cybersecurity threats and breaches could materially affect the company's operations and financial condition, with increasing costs for protection against such threats[61] - The company relies on third parties for the security of digital assets, and any security breaches could adversely affect the value of its ADSs[122] - The company faces risks related to technological obsolescence and supply chain disruptions for cryptocurrency mining hardware, which may negatively affect operations[133] - The development of new technologies for mining digital assets could affect network security and the value of digital assets[82] Strategic and Competitive Landscape - Competition in the digital asset industry is intense, with competitors having advantages such as greater financial resources and established relationships[62] - The company is actively considering strategic opportunities, including acquisitions and joint ventures, but cannot guarantee successful outcomes or favorable terms[71] - Future acquisitions may lead to integration challenges and potential liabilities, negatively impacting cash flows and financial condition[71] - The company plans to continue making acquisitions and investments, which may disrupt operations and affect financial results[70] Regulatory Environment - The SEC has taken the position that certain digital assets may be classified as securities, which could adversely affect the trading value and liquidity of such assets[185] - The classification of digital assets as securities varies by jurisdiction, potentially leading to different regulatory obligations and implications for trading and mining[188] - Future developments regarding the treatment of cryptocurrencies for tax purposes remain uncertain, which could adversely impact the company's business and the broader cryptocurrency market[190] - The company may be classified as an investment company under the Investment Company Act if its digital assets are deemed securities, which would require registration with the SEC[187] Environmental and Supply Chain Risks - Climate change poses uncertain risks that could materially impact operational costs and financial performance due to extreme weather events and disruptions in supply chains[139] - The company’s mining operations could be adversely affected by price fluctuations in the wholesale and retail power markets, which are unpredictable and influenced by various external factors[153] - The company may have difficulty finding suitable mining facilities that meet operational requirements at acceptable costs, potentially impacting financial position and growth opportunities[156] Legal and Compliance Risks - The company is subject to ongoing litigation, including a class action lawsuit, which could divert management attention and incur significant costs[69] - Violations of anti-corruption and anti-money laundering laws could result in severe penalties, adversely affecting the company's reputation and financial condition[176] - The company may inadvertently engage in transactions with sanctioned entities due to the pseudonymous nature of blockchain transactions, which could lead to legal repercussions[172] - The company faces increased obligations to comply with various international laws and regulations as it expands its operations, which may lead to overlapping investigations by multiple regulatory authorities[182]

ARGO BLOCKCHAIN FY 2023 Results April 25, 2024 argoblockchain.com 1 NASDAQ: ARBK; LSE: ARB LEGAL DISCLAIMERS Forward Looking Statements Non-IFRS Measures This presentation contains inside information and includes forward-looking statements This presentation contains references to certain non-IFRS measures including Adjusted which reflect the Company's current views, interpretations, beliefs or expectations with EBITDA and mining margin, each of which are not recognized under International respect to the Com ...

Argo Blockchain plc (NASDAQ:ARBK) Q4 & FY 2023 Results Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Tom Divine – Vice President-Investor Relations and FP&A Thomas Chippas – Chief Executive Officer Jim MacCallum – Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to the Argo Blockchain plc Investor Presentation. Throughout this recorded presentation investors will be in listen-only mode. Questions are encouraged and can be submitted at any t ...

The fourth Bitcoin (BTC-USD) halving, scheduled for mid-April 2024, is poised to significantly impact the crypto market. Understanding how the halving will impact Bitcoin price dynamics and crypto mining is critical, especially when choosing which stocks to sell after the halving.The three picks we will explore focus on different niches. Two are crypto miners, and one is a company that feels Bitcoin is better than gold. Assuming that the price of Bitcoin stays stable, the two miners will see an immediate de ...

In a surprising turn of events, Argo Blockchain PLC (LSE: ARB) witnessed a substantial price drop in its shares today following the announcement of the departure of its Chief Operating Officer (COO).The company, known for its global leadership in cryptocurrency mining, disclosed this significant change in its management, impacting investor sentiment. Argo Blockchain PLC’s strong December performanceCopy link to sectionArgo Blockchain revealed its operational performance for December 2023, demonstrating a 4% ...

Core Viewpoint - Argo Blockchain PLC experienced a significant drop in share price following a new equity round, indicating market reaction to capital raising efforts [1] Group 1: Equity Round - The company raised £7.8 million through an equity round, issuing new shares at 20.5p, which represents a 24% discount to the previous closing price [1] - The discount is only 1% when considering a volume-weighted 30-day average [1] - Proceeds from the equity placement will be allocated for working capital, debt repayment, and general corporate purposes [1] Group 2: Operational Update - In December, Argo Blockchain mined 155 bitcoins, reflecting a 4% increase month-on-month [1] - The company generated $6.6 million (£5.2 million) in revenue, which is a 25% increase month-on-month [1] - At the time of reporting, shares were trading at 22.75p [1]

Financial Data and Key Metrics Changes - The company generated revenue of $10.4 million in Q3 2023, a decrease of 17% compared to Q2 2023, primarily due to economic curtailment at Helios [9][15] - Adjusted EBITDA for the quarter was $3.1 million, an improvement from $1.1 million in Q2 2023 [10][16] - The mining margin was 58% for Q3, an increase from 36% in Q2 [15] - The average direct cost per Bitcoin was $11,736 [9] - Cash balance at the end of September was $8 million, with a net power receivable of $2.8 million [10][17] Business Line Data and Key Metrics Changes - The company mined 370 Bitcoin during the quarter [9] - Power credits accrued from economic curtailment amounted to $4.4 million, which helped offset revenue decreases [9][15] - Non-mining operating expenses were reduced by 11% compared to Q2 2023 [10][18] Market Data and Key Metrics Changes - The hash price bottomed out at around $60 per petahash per day during August and September but rebounded to over $90 per petahash per day in late October and November [6][16] - The global network hashrate increased approximately 70% over the year, reaching around 270 exahash per second at the start of the year [4] Company Strategy and Development Direction - The company focuses on financial discipline, operational excellence, and strategic partnerships for sustainable growth [4] - Key priorities include fleet efficiency, cost structure, and strengthening the balance sheet ahead of the 2024 Bitcoin halving [8] - The company is in advanced discussions to sell noncore assets as part of its deleveraging strategy [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment is challenging, with increasing network hashrate and fluctuating power prices impacting operations [4][5] - The company is optimistic about the trends in Bitcoin and hash prices, positioning itself to capitalize on these trends moving into 2024 [19] - Management emphasized the importance of efficiency and cost control to remain competitive post-halving [42] Other Important Information - The company raised $7.5 million in gross proceeds through an equity raise and reduced Galaxy debt by $5 million [10][18] - The deployment of ePIC BlockMiners in Quebec added around 300 petahash of capacity, bringing total hashrate capacity to 2.8 exahash per second [19][44] Q&A Session Summary Question: Hash price improvements and cash flow impact - Management indicated that every $10 increase in hash price generates an additional $2.5 million per quarter based on total hashrate capacity [24] Question: Debt reduction details - The $5 million debt reduction came from operating cash flow and proceeds from an equity raise [26] Question: Future growth options visibility - Management is in discussions with strategic partners and is focused on reducing debt and costs to be opportunistic [28] Question: Non-mining expenses reduction - Non-mining operating expenses were reduced due to lower insurance costs, professional fees, and salaries from reduced headcount [30] Question: ePIC BlockMiner performance - The ePIC BlockMiners are performing better than expected, averaging about 114 terahash per unit [32] Question: Capital structure and debt addressing - The company is exploring noncore asset sales and potential refinancing to strengthen the balance sheet [35] Question: Expansion plans in Canada - The company remains flexible and open to growth opportunities in various locations, including Canada [37] Question: Asset sales discussions timeline - Management anticipates sharing updates on asset sales discussions by the end of the year [39] Question: Network hashrate forecasts post-halving - Management expects many older-generation miners to go offline, which will impact overall hashrate [41] Question: Contribution of BlockMiner machines to hashrate - The increase to 2.8 exahash was due to the deployment of ePIC BlockMiners [44]

_____________________ _____________________ 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 November, 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 offi ...

ARGO BLOCKCHAIN Q2 2023 Results August 29, 2023 argoblockchain.com 1 NASDAQ: ARBK; LSE: ARB LEGAL DISCLAIMERS Forward Looking Statements Non-IFRS Measures This presentation contains inside information and includes forward-looking statements This presentation contains references to certain non-IFRS measures including Adjusted which reflect the Company's current views, interpretations, beliefs or expectations with EBITDA and mining margin, each of which are not recognized under International respect to the Co ...

Argo Blockchain plc (NASDAQ:ARBK) Q2 2023 Results Conference Call August 29, 2023 10:00 AM ET Company Participants Tom Divine - VP, IR Seif El-Bakly - Interim CEO Jim MacCallum - CFO Conference Call Participants [Call Starts Abruptly] Throughout this recorded presentation, investors will be in a listen-only mode. Questions are encouraged and can be submitted at any time using the Q&A tab situated on the right hand corner of your screen, simply type in your questions and press send. Given the large attendanc ...