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Extension of Galaxy Loan Form 6 K
U.S. Markets via PUBT
argoblockchainplc-4667u
UNITED STATES
Washington, D.C. 20549
Argo Blockchain plc
London W1W 8DH
England
1 July 2024
Argo Blockchain plc
Argo Blockchain plc , (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining using predominantly renewable energy, announces the extension of its loan with Galaxy Digital Holdings Ltd. ("Galaxy") through to December28, 2024. As of June 30, 2024 , the remaining balance of the loan is $5.7 million , which has been reduced from the $35 million originally advanced in December 2022 . With this further loan repayment, the Company expects reduced monthly interest expense on the loan from $440k in July 2023 to $78k in July 2024 .
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining operations in Quebec and 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, visitwww.argoblockchain.com.
SECURITIES AND EXCHANGE COMMISSION
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2024
Commission File Number: 001-40816
_____________________
(Translation of registrant's name into English)
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Eastcastle House
27/28 Eastcastle Street
(Address of principal executive office)
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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
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Description
Loan Extension dated
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Press release
('Argo' or 'the Company')
Extension of Galaxy Loan
This announcement contains inside information.
For further information please contact:
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Investor Relations
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Corporate Broker
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+44 207 186 9030
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Joint Broker
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+44 74930989014
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Tancredi Intelligent Communication
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About Argo:
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:
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By: /s/
Title: Chief Financial Officer
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Attachments
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Securities and Exchange Commission SEC Re.: MATERIAL EVENT Form 6 K
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