UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
_____________________
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 January, 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
Update
on Argo Labs dated 19 January 2022
|
Press Release
19 January 2022
Argo Blockchain PLC
("Argo" or "the Company")
Update on Argo Labs
Argo Blockchain Plc (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining, is pleased to announce an update on Argo
Labs, its in-house innovation arm established to identify
opportunities within the disruptive and innovative sectors of the
cryptocurrency ecosystem while supporting the decentralization of
various blockchain protocols. Argo has allocated approximately
10% of the Company's crypto assets in its "HODL" to Argo
Labs.
Argo Labs is primarily focused on two key areas: network
participation and strategic diversification through the
efficient deployment of the Company's crypto treasury
assets. Network
participation consists of providing infrastructure support, running
nodes and validators, and staking innovative
projects. Efficient deployment of the Company's crypto
treasury assets includes, among other things, supporting
early-stage projects and participating in decentralized finance
(DeFi), as well as the NFT & metaverse ecosystem, in each case
in furtherance of the Company's general business
operations.
Coinciding with this update, the Company is pleased to announce the
appointment of Vakeesan Mahalingam, CFA, as Head of Argo Labs. With
over 8 years of experience in the investment industry, and 3 years
in consultancy, including working with crypto startups, Vakeesan is
well versed to lead this new division of Argo Blockchain. Vakeesan
will be overseeing a multi-talented, dynamic team of blockchain
network experts and technologists and will oversee the growth and
development of Argo Labs.
Vakeesan Mahalingam, Head of Argo Labs, said: "Our vision at Argo
Labs is to support the Company's mining efforts by engaging with
the disruptive and innovative sectors of the crypto ecosystem. We
are committed to growing all facets of this industry, and look
forward to spearheading this effort alongside my talented
colleagues."
Peter Wall, Chief Executive of Argo and Interim Chairman,
said: "Argo has long been a supporter of the
proliferation of crypto and blockchain technology. Argo Labs gives
us the opportunity to integrate cryptocurrencies into existing
financial infrastructure, gain exposure to the wider digital asset
ecosystem, and provide long-term value to our
shareholders."
Forward-Looking Information
This announcement contains 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
proposes to operate. 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
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+44 207 186 9030
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OTC Markets
|
|
Jonathan Dickson
jonathan@otcmarkets.com
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+44 204 526 4581
+44 7731 815 896
|
Tancredi Intelligent Communication
UK & Europe Media Relations
|
|
Emma Valgimigli
Emma Hodges
Salamander Davoudi
argoblock@tancredigroup.com
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+44 7727 180 873
+44 7861 995 628
+44 7957 549 906
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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:
19 January, 2022
|
ARGO BLOCKCHAIN PLC
By:
Name:
Peter Wall
Title:
Chief Executive Officer
Name:
Davis Zaffe
Title:
General Counsel
|
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