REG - Argo Blockchain PLC - Argo Provides Financing Update

Argo BlockchainAnnouncement

14/04/2025 07:00

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RNS Number : 8625E  Argo Blockchain PLC  14 April 2025

Press Release

14 April 2025

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.

Argo Blockchain plc

("Argo" or "the Company")

Argo Provides Financing Update

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is providing an update that the
financing structure announced on 26 March 2025 is no longer progressing in its
announced form. We continue to discuss financing proposals with GEM Mining LLC
and other counterparties.

This announcement does not constitute an offer to sell or a solicitation of an
offer to buy any securities in the United States. The securities offered
hereby have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act") or any state securities
laws and may not be offered or sold in the United States or to U.S. persons
(as defined in Regulation S under the 1933 Act) unless the securities have
been registered under the 1933 Act and all applicable state securities laws,
or are otherwise exempt from such registration.

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec and offices in the US, Canada, and the UK, Argo's global,
sustainable operations are predominantly powered by renewable energy. In 2021,
Argo became the first climate positive cryptocurrency mining company, and a
signatory to the Crypto Climate Accord. For more information, visit
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

Forward looking statements

This announcement contains "forward-looking statements," which can be
identified by words like "may," "will," "likely," "should," "expect,"
"anticipate," "future," "plan," "believe," "intend," "goal," "seek,"
"estimate," "project," "continue" and similar expressions. Forward-looking
statements are neither historical facts nor assurances of future performance.
Instead, they are based only on the Company's current beliefs, expectations
and assumptions regarding the future of its business, future plans and
strategies, projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in circumstances
that are difficult to predict and many of which are outside of the Company's
control. The information in this announcement about future plans and
objectives of the Company, including discussions relating to financing
proposals with GEM Mining LLC and other counterparties are forward-looking
statements. Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause the Company's actual results
and financial condition to differ materially from those indicated in the
forward-looking statements include, market and other conditions, the principal
risks and uncertainties listed in the risk factors set forth in our Annual
Report and Financial Statements and Form 20-F for the year ended 31 December
2023, and our Interim Report as of 30 September 2024.

 

 

 

 

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