REG - Argo Blockchain PLC - ADS Ratio Change Effective Date

Argo BlockchainAnnouncement

24/11/2025 07:00

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RNS Number : 6242I  Argo Blockchain PLC  21 November 2025

Press Release

21 November 2025

Argo Blockchain plc

("Argo" or "the Company")

American Depositary Shares ratio change

 

As previously announced, in order for the Company to regain and maintain
compliance with The Nasdaq Stock Market LLC's applicable listing criteria,
Argo will adjust the ratio of its American Depositary Shares ("ADSs") to its
ordinary shares so that one ADS will represent 2,160 ordinary shares instead
of ten ordinary shares.  The Company anticipates that the ratio change will
be effective as of 12 December 2025.

Enquiries:

 ARGO
 Email:  ir@argoblockchain.com (mailto:ir@argoblockchain.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/) .

Forward looking statements

This announcement contains "forward-looking statements," which can be
identified by words like "may," "will," "likely," "should," "expect,"
"anticipate," "future," "plan," "believe," "intend," "goal," "seek,"
"estimate," "project," "continue" and similar expressions. Forward-looking
statements are neither historical facts nor assurances of future performance.
Instead, they are based only on the Company's current beliefs, expectations
and assumptions regarding the future of its business, future plans and
strategies, projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in circumstances
that are difficult to predict and many of which are outside of the Company's
control. The information in this announcement about the Company's anticipated
ratio change and the Company's ability to regain compliance with Nasdaq's
listing criteria are forward-looking statements. Therefore, you should not
rely on any of these forward-looking statements. Important factors that could
cause the Company's actual results and financial condition to differ
materially from those indicated in the forward-looking statements include
market conditions; the Company's ability to implement the proposed
Restructuring Plan on the expected timeline or at all; the ability to retain
the Company's listing on Nasdaq; operational, financial, regulatory, tax and
legal risks; assumptions underlying revenue, EBITDA and valuation estimates;
and the principal risks and uncertainties described in the risk factors set
forth in the Company's Annual Report and Financial Statements and Form 20-F
for the year ended 31 December 2024.

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