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 September, 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 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
 
Argo August Operational Update dated 05 September 2024
 
 
 
 
Press Release
 
5 September 2024
 
 
Argo Blockchain plc
 
("Argo" or "the Company")
 
 
August Operational Update
 
 
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for August 2024.
 
During the month of August, the Company mined 38 Bitcoin ("BTC"), or 1.2 BTC per day down from 1.5 per day in July 2024. BTC production was down due to more frequent economic curtailments during the month and lower hash price.
 
Mining revenue in August 2024 amounted to $2.3 million down from $3.0 million in July 2024. Mining margin for August 2024 was below 10%, lower than July as a result of the lower hash price realized in August compared to July, and higher power prices. As at 31 August 2024, the Company held 10 BTC equivalent.
 
Allotment of New Shares
 
Additionally, the Company announces that it has issued 1,468,730 new ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") pursuant to the terms of previously granted Restricted Share Units under the 2022 Equity Incentive Plan approved by shareholders at the Company's 2022 Annual General Meeting.
 
The new Ordinary Shares rank pari passu with the existing Ordinary Shares in issue, and application has been made for the shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC.
 
Share Capital and Total Voting Rights
 
The Company also announces, in compliance with its obligations under Rules 5.6.1R and 5.6.2G of the Disclosure Guidance and Transparency Rules, that as at 31 August 2024, the Company's share capital will consist of 637,820,878  ordinary shares of £0.001 each (Ordinary Shares). All of the Ordinary Shares have equal voting rights and there are no shares held in Treasury.
 
The above figure may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interest in, or a change of their interest in, the Company under the FCA Disclosure Guidance and Transparency Rules.
 
This announcement contains inside information.
 
 
For further information please contact:
 
 
Argo Blockchain
 
 
 
Investor Relations
 
 
ir@argoblockchain.com
 
 
Tennyson Securities
 
 
 
Corporate Broker
 
Peter Krens
 
 
+44 207 186 9030
 
 
Fortified Securities
 
 
 
Joint Broker
 
Guy Wheatley, CFA
 
 
+44 7493 989014
 
guy.wheatley@fortifiedsecurities.com
 
 
Tancredi Intelligent Communication
 
UK & Europe Media Relations
 
 
argoblock@tancredigroup.com
 
 

 
About Argo:
 
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, 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 www.argoblockchain.com.
 
 
 
 
 
 
 
 
 
 
 
 
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.
 
 
 Date: 05 September, 2024
ARGO BLOCKCHAIN PLC
 
By: /s/ Jim MacCallum
Name: Jim MacCallum
Title: Chief Financial Officer
 
 
 
 

Argo Blockchain (PK) (USOTC:ARBKF)
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