Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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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 August, 2023

Commission File Number: 001-40816

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Argo Blockchain plc

(Translation of registrant’s name into English)

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Eastcastle House

27/28 Eastcastle Street

London W1W 8DH

England

(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.

Description

July Operational Update dated 04 August 2023

Press Release

4 August 2023

Argo Blockchain plc

("Argo" or "the Company")

July Operational Update

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for July 2023.

During the month of July, the Company mined 129 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.2 BTC per day. This is a decrease of 11% from the 4.6 BTC per day mined in the previous month. The decrease was driven primarily by greater downtime at Helios from weather-related curtailment and onsite construction. Additionally, the Helios operations participated in economic curtailment, which reduces Bitcoin production but generates additional cash proceeds.

Mining revenue in July amounted to $3.87 million, similar to revenue generated in the prior month (June 2023: $3.84 million).

As of 31 July 2023, the Company held 46 BTC.

During the month of July, the Company installed and energized 1,242 BlockMiner machines, representing approximately 130 PH/s, at its Quebec facilities. This brings the Company's total hashrate capacity to approximately 2.6 EH/s. The Company expects to receive and deploy the remaining 1,628 BlockMiners in the coming months.

Seif El-Bakly, Argo's interim Chief Executive Officer, said, "I am thrilled that we are resuming growth in our total hashrate capacity with the deployment of the BlockMiner machines. This is a testament to the efforts of our technical and operations teams, and we look forward to deploying the remaining machines.

"I am also pleased with our economic curtailment programs that contribute to the stability of the Texas grid during periods of peak demand while simultaneously reducing our total power costs."

Inside Information and Forward-Looking Statements

This announcement contains inside information and includes forward-looking statements which reflect the Company's 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 "remains confident", "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, including the risk that the Company may receive the benefits contemplated by its transactions with Galaxy, the Company may be unable to secure sufficient additional financing to meet its operating needs, and the Company may not generate sufficient working capital to fund its operations for the next twelve months as contemplated. 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 Annual Report on Form 20-F.

For further information please contact:

Argo Blockchain
Investor Relations	ir@argoblockchain.com
Tennyson Securities
Corporate Broker Peter Krens	+44 207 186 9030
Tancredi Intelligent Communication UK & Europe Media Relations
Salamander Davoudi Emma Valgimigli Fabio Galloni-Roversi Monaco Nasser Al-Sayed	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: 04 August,2023

ARGO BLOCKCHAIN PLC

By: /s/ Jim MacCallum

Name: Jim MacCallum

Title: Chief Financial Officer

By: /s/ Davis Zapffe

Name: Davis Zapffe

Title: General Counsel