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Argo Blockchain (ARBK)

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Recent press releases and 8-K filings for ARBK.

Argo Blockchain PLC Completes Court-Sanctioned Restructuring Plan
ARBK
Delisting/Listing Issues
M&A
Legal Proceedings
  • Argo Blockchain PLC's Restructuring Plan was sanctioned by the High Court of Justice on December 11, 2025, and subsequently implemented on December 15, 2025.
  • As a result of the Restructuring, Growler Mining Tuscaloosa, LLC (Growler) now beneficially owns approximately 87.5% of Argo's outstanding Ordinary Shares. This ownership was acquired in exchange for Growler releasing a $7.7 million secured loan, transferring $23.8 million in cryptocurrency mining assets, and providing a $3.5 million cash contribution to Argo.
  • The Company's Noteholders own approximately 10% of the outstanding Ordinary Shares, while existing Shareholders will retain 2.5% of the Company's issued share capital.
  • Argo's Ordinary Shares were delisted from the London Stock Exchange, and its Notes will be delisted from Nasdaq Stock Market LLC.
Dec 18, 2025, 11:05 AM
Argo Blockchain Completes Restructuring Plan and Pivots to AI/HPC
ARBK
New Projects/Investments
  • Argo Blockchain plc announced the closing of its UK Restructuring Plan on December 16, 2025, which resulted in the equitization of $40 million in outstanding senior notes, making the company debt-free except for a $472k mortgage.
  • The restructuring enhanced the company's nameplate hashrate capacity from approximately 1.8 EH/s to 2.4 EH/s and expanded self-mining operations to 28.5 MW.
  • Argo Blockchain is strategically pivoting towards artificial intelligence (AI) and high-performance computing (HPC) to diversify revenue streams and leverage its infrastructure expertise.
Dec 16, 2025, 11:30 AM
Argo Blockchain Announces ADS Ratio Change and Senior Notes Redemption
ARBK
Debt Issuance
Delisting/Listing Issues
  • Argo Blockchain plc completed a ratio change of its ordinary shares to American Depositary Shares (ADSs) on December 12, 2025, adjusting the ratio from 10:1 to 2,160:1, meaning one ADS will now represent 2,160 Shares.
  • Nasdaq announced that the effective date for the redemption and exchange of Argo's 8.75% Senior Notes due 2026 will be December 15, 2025.
  • The redemption rate for the notes is 0.835001875 American Depositary Receipts (evidencing ADSs) per $25.00 in principal amount of Notes, plus accrued and unpaid interest, expressed on a post-adjustment basis.
Dec 12, 2025, 7:06 PM
Argo Blockchain's Restructuring Plan Sanctioned by Court
ARBK
Delisting/Listing Issues
Debt Issuance
Board Change
  • The High Court of Justice sanctioned Argo Blockchain's Restructuring Plan on December 10, 2025.
  • The company will be delisted from the Main Market of the London Stock Exchange effective December 12, 2025, while maintaining its Nasdaq listing.
  • The plan involves the issuance of 2,885,767,520 new ordinary shares to bondholders and 25,250,465,800 new shares to Growler Mining Tuscaloosa, LLC, and the appointment of Ralfe Hickman from Growler as a new director.
  • Management expects the Restructuring Plan to result in a recapitalized balance sheet and provide new power infrastructure and mining equipment.
Dec 10, 2025, 6:57 PM
Argo Blockchain Announces Mandatory Redemption and Equity Exchange of 2026 Senior Notes
ARBK
Legal Proceedings
  • Argo Blockchain plc will redeem in full and complete a mandatory court-ordered exchange of its outstanding 8.75% Senior Notes due 2026 on December 12, 2025.
  • The 2026 Notes will be exchanged for American Depositary Receipts (ADRs), representing newly-issued ordinary shares, which will equate to a 10% interest of the entire issued share capital in the recapitalized Company.
  • This action is part of a restructuring plan sanctioned by the High Court of Justice, Business and Property Courts of England and Wales.
  • Effective December 12, 2025, the 2026 Notes will no longer be deemed outstanding, and interest will cease to accrue on them.
Dec 10, 2025, 6:07 PM
Argo Blockchain Announces Restructuring Plan and Waiver Approvals
ARBK
Legal Proceedings
Proxy Vote Outcomes
Debt Issuance
  • Argo Blockchain plc's proposed restructuring plan was approved by shareholders (81.70%), noteholders (100%), and the secured lender (100%) at meetings held on December 2, 2025.
  • The restructuring plan is still subject to approval by the High Court of Justice, with the sanction hearing scheduled to commence on December 8, 2025.
  • A resolution to approve a conditional waiver related to the Takeover Code (Rule 9 Waiver) was also approved at a general meeting on December 2, 2025, with 77.03% of votes cast in favor.
Dec 3, 2025, 4:21 PM
Argo Blockchain Provides Updates on Restructuring Plan and ADS Conversion
ARBK
Delisting/Listing Issues
Legal Proceedings
Proxy Vote Outcomes
  • Argo Blockchain plc is providing updates on its proposed Restructuring Plan, which, if sanctioned by the High Court of Justice in London, will result in the company's de-listing from the London Stock Exchange.
  • Shareholders will have the option to convert their ordinary shares into American Depositary Shares (ADSs), which can be traded on Nasdaq, subject to the company regaining and maintaining compliance with Nasdaq's listing criteria.
  • To facilitate Nasdaq compliance, Argo will adjust the ADS ratio after the Restructuring Plan's implementation, changing it from one ADS representing ten ordinary shares to one ADS representing 2,160 ordinary shares.
  • Key dates for the Restructuring Plan include shareholder, noteholder, and secured lender plan meetings on December 2, 2025, with a Court sanction hearing scheduled for December 8, 2025. Voting forms for these meetings must be returned by November 28, 2025.
Nov 21, 2025, 12:08 PM
Argo Blockchain Proposes Restructuring Plan to Avoid Insolvency
ARBK
Delisting/Listing Issues
Debt Issuance
M&A
  • Argo Blockchain is implementing a restructuring plan to avoid insolvency, with a court hearing scheduled for December 8 for approval.
  • The plan involves Growler injecting $3.5 million and converting its existing $7.5 million loan into equity, leading to Growler owning 87.5% of the enlarged share capital.
  • Post-restructuring, note holders will hold 10% and existing shareholders 2.5% of Argo's equity, reflecting significant dilution.
  • Argo intends to delist from the London Stock Exchange and is actively working to regain Nasdaq listing compliance by January 14, 2026, including a change in the ADS ratio.
  • The company's financial challenges are attributed to a prolonged crypto winter, high power costs (averaging 50% of total costs over the last three years), and the April 2024 Bitcoin halving.
Nov 19, 2025, 4:00 PM
Argo Blockchain Details Restructuring Plan to Avoid Insolvency
ARBK
Legal Proceedings
Delisting/Listing Issues
M&A
  • Argo Blockchain is pursuing an English law restructuring plan to avoid insolvency, which is the likely alternative if the plan is not sanctioned.
  • Under the proposed plan, Growler will inject a further $3.5 million into the group and convert its facility into equity, resulting in Growler owning 87.5% of the enlarged share capital, note holders 10%, and existing shareholders 2.5%.
  • The company plans to delist from the London Stock Exchange and change its ADS ratio to maintain its NASDAQ listing by January 14, 2026.
  • If the plan is not implemented, Argo would likely cease trading, leading to administration or liquidation where shares would be worthless.
Nov 19, 2025, 4:00 PM
Argo Blockchain Proposes Restructuring Plan to Address Financial Distress
ARBK
Delisting/Listing Issues
M&A
Legal Proceedings
  • Argo Blockchain is proposing a restructuring plan to address its difficult financial position, which would otherwise lead to insolvency.
  • The plan involves Growler injecting $3.5 million and converting its $7.5 million term loan into equity, resulting in Growler owning 87.5% of the enlarged share capital, note holders 10%, and existing shareholders 2.5%.
  • Argo will delist from the London Stock Exchange but is taking steps to maintain its NASDAQ listing by changing the ADS ratio to meet the $1 minimum trading price requirement by January 14, 2026.
  • Existing shareholders will retain their shares, albeit diluted, and can use a matched bargain facility or convert to ADSs, while note holders will receive equity interests (ADSs) in exchange for their claims.
  • Plan meetings for voting are scheduled for December 2nd, with the court having the ability to sanction the plan even with negative votes if deemed fair.
Nov 19, 2025, 4:00 PM