Argo Blockchain Plc 6-K, filed May 5, 2022
Argo Blockchain Plc (ARBK)
6-K
2022-05-05
For: 2022-05-05
View Original
Added on
April 05, 2026
About this 6-K
Argo Blockchain Plc filed this 6-K on May 5, 2022.
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 May, 2022
Commission File Number: 001-40816
_____________________
Argo Blockchain plc
(Translation
of registrant’s name into English)
_____________________
9th Floor
16
Great Queen Street
London
WC2B 5DG
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
Energization
& Official Opening of Helios Facility dated 05 May
2022
|
Press Release
5 May
2022
Argo Blockchain PLC
("Argo" or "the Company")
Energization and Official Opening of Helios Facility
Argo Blockchain plc, ("Argo") a global leader in cryptocurrency
mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce that its
flagship mining facility, Helios, has been energized. Additionally,
an inauguration ceremony will take place today at the facility in
Dickens County, Texas, and mining operations are expected to
commence next week.
The delivery and installation of the 20,000 Bitmain S19J Pro mining
machines purchased in September 2021 has commenced and the
remaining units are expected to be delivered and installed in
batches between May and October 2022. Additionally, installation
has started for the Bitmain S19J Pro mining machines obtained via
the machine swap agreement with Core Scientific and will continue
in stages through July 2022.
Phase 1 of Helios' development will utilise 200 MW of power
capacity and represents an increase of 243% in Argo's hashrate to
an anticipated 5.5 EH/s by the end of 2022 as the Company
significantly scales up its mining operations.
Helios also has access to up to an additional 600 MW of power
capacity which the Company expects to utilise in the coming years
through further phases of development at the site. It is
anticipated this additional capacity, along with further
development of the site, will enable Argo's operations to grow
significantly to more than 20 EH/s.
Helios has been designed to house one of the largest
immersion-cooled mining operations in the world, which is expected
to be more cost-efficient, extend the life of the mining machines
by reducing machine exposure to dust and debris and improve
operational performance.
Peter Wall, Chief Executive Officer of Argo, said: "I'm extremely
grateful to everyone who has been involved in the planning and
execution of Helios. We started construction on the facility in
July 2021 and it is a tremendous achievement that the site will
commence mining operations in less than 12 months.
"I want to extend my thanks on behalf of Argo and all our
shareholders to the team and their tireless efforts and communal
drive to realise Argo's vision for Helios. The opening of Helios
marks an important step for the Company, as we continue to
implement new, ground-breaking technology, significantly upscale
our operations and continue to strengthen infrastructure. Our work
to achieve sustainable growth for Argo continues."
Inside
Information and Forward-Looking Statements
This announcement contains inside information and includes
forward-looking statements which reflect the Company's or, as
appropriate, the Directors' current views, interpretations, beliefs
or expectations with respect to the Company's financial
performance, business strategy and plans and objectives of
management for future operations. These statements include
forward-looking statements both with respect to the Company and the
sector and industry in which the Company operates. Statements
which include the words "expects", "intends", "plans", "believes",
"projects", "anticipates", "will", "targets", "aims", "may",
"would", "could", "continue", "estimate", "future", "opportunity",
"potential" or, in each case, their negatives, and similar
statements of a future or forward-looking nature identify
forward-looking statements. All forward-looking statements address
matters that involve risks and uncertainties because they relate to
events that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance. Accordingly, there are or will be important
factors that could cause the Company's actual results, prospects
and performance to differ materially from those indicated in these
statements. In addition, even if the Company's actual
results, prospects and performance are consistent with the
forward-looking statements contained in this document, those
results may not be indicative of results in subsequent periods.
These forward-looking statements speak only as of the date of this
announcement. Subject to any obligations under the Prospectus
Regulation Rules, the Market Abuse Regulation, the Listing Rules
and the Disclosure and Transparency Rules and except as required by
the FCA, the London Stock Exchange, the City Code or applicable law
and regulations, the Company undertakes no obligation publicly to
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise. For a more
complete discussion of factors that could cause our actual results
to differ from those described in this announcement, please refer
to the filings that Company makes from time to time with the United
States Securities and Exchange Commission and the United Kingdom
Financial Conduct Authority, including the section entitled "Risk
Factors" in the Company's Registration Statement on Form
F-1.
For further information please contact:
|
Argo Blockchain
|
|
|
Peter Wall
Chief
Executive
|
via Tancredi +44 203 434 2334
|
|
finnCap Ltd
|
|
|
Corporate
Finance
Jonny Franklin-Adams
Tim Harper
Joint
Corporate Broker
Sunila de Silva
|
+44 207 220 0500
|
|
Tennyson Securities
|
|
|
Joint
Corporate Broker
Peter Krens
|
+44 207 186 9030
|
|
OTC Markets
|
|
|
Jonathan Dickson
jonathan@otcmarkets.com
|
+44 204 526 4581
+44 7731 815 896
|
|
Tancredi Intelligent Communication
UK
& Europe Media Relations
|
|
|
Emma Valgimigli
Emma Hodges
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
argoblock@tancredigroup.com
|
+44 7727 180 873
+44 7861 995 628
+44 7888 672 701
+44 7915 033 739
|
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the Nasdaq Global Select Market in the
United States under the ticker: ARBK.
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 May, 2022
|
ARGO BLOCKCHAIN PLC
By:
Name:
Peter Wall
Title:
Chief Executive Officer
Name:
David Zapffe
Title:
General Counsel
|