REG - Argo Blockchain PLC - Information regarding Growler

Argo BlockchainAnnouncement

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RNS Number : 1769P  Argo Blockchain PLC  01 July 2025

Press Release

1 July 2025

Argo Blockchain plc

("Argo" or "the Company")

Information regarding Growler

Further to its announcement on 30 June 2025 concerning a proposed
restructuring, Argo Blockchain PLC (LSE: ARB, NASDAQ: ARBK) discloses the
following information regarding its counterparty and lender, Grower Mining,
LLC (n/k/a Growler Mining Tuscaloosa, LLC)  ("Growler"):

Growler is a privately held company wholly owned by Stan Pate, a veteran
entrepreneur with over 45 years of experience in commercial real estate, oil
and gas, and emerging technologies. The company currently operates
cryptocurrency mining facilities in Alabama and serves as a platform for Mr.
Pate's broader investment and development initiatives. Growler is also
actively exploring opportunities in the evolving AI infrastructure space,
leveraging its existing digital capabilities to support the next generation of
compute-intensive technologies.

 

For further information please contact:

 

 

 Argo Blockchain
 Investor Relations    ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker      +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker          +44 7493 989014

 Guy Wheatley, CFA     guy.wheatley@fortifiedsecurities.com

 About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec 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
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

 

 

 

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