Argo Blockchain to Delist from London Stock Exchange as Part of Restructuring Plan
Argo Blockchain PLC has announced its intention to delist from the London Stock Exchange (LSE), with trading in its ordinary shares expected to cease on 8 December 2025. The delisting will take effect at 8:00 a.m. (London time) on 9 December 2025, subject to court approval of the company’s restructuring plan. Argo will maintain its Nasdaq listing following the delisting.
The company has issued a practice statement letter outlining details of the proposed restructuring plan, under which:
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Growler Mining will hold 87.5% of the equity,
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Bondholders will receive 10% of the equity in exchange for their debt, and
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Existing shareholders will retain a 2.5% equity interest in the company.
Argo has also drawn approximately US$5.38 million from its secured multi-draw term loan facility of up to US$7.5 million with Growler Mining, which continues to provide funding support as the company restructures.
The move marks a significant step in Argo’s ongoing efforts to stabilise its balance sheet and streamline operations, while focusing on its US-based digital asset mining activities.
