Term Sheet Cancellation

Press Release

17 March 2025

Argo Blockchain plc

("Argo" or "the Company")

Argo Provides an Update on Financing Discussions

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announces that the Company is no longer in financing discussions with the counter party referenced in the press release on 3 March 2025. The Company is in discussions with other interested parties and continues to work with its advisor Stifel. We will update the market as appropriate.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. No securities may be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "1933 Act")) unless the securities have been registered under the 1933 Act and all applicable state securities laws, or are otherwise exempt from such registration.

This announcement contains inside information.

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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 www.argoblockchain.com.