Argo Blockchain Announces Restructuring Plan and Delisting from London Stock Exchange

Argo Blockchain plc, a dual-listed blockchain technology company, has announced its intention to implement a restructuring plan under Part 26A of the UK Companies Act 2006. The company has published a Practice Statement Letter detailing the proposed recapitalisation and restructuring plan, which includes the delisting of its ordinary shares from the London Stock Exchange while maintaining its NASDAQ listing. The restructuring plan aims to address the company's financial difficulties and ensure its continued operation. Key dates include a Convening Hearing on 5 November 2025, Plan Meetings on 28 November 2025, and a Sanction Hearing on 8 December 2025. The company has also provided updates on its agreements with Growler Mining, LLC, including the allocation of equity in the recapitalised company. The restructuring plan is subject to court approval, and failure to secure sanction could result in the company entering insolvency proceedings.