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Argo Blockchain PLC disclosed information on 1 July 2025 regarding its counterparty and lender, Growler Mining, LLC, following a 30 June 2025 restructuring announcement. Growler is a privately held company wholly owned by Stan Pate, an entrepreneur with over 45 years of experience.
| Date | 1 Jul 2025 |
| Time | 09:10:37 |
| Category | Corporate updates |
| ID | 1769P |
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:
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Argo Blockchain |
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Investor Relations |
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Tennyson Securities |
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Corporate Broker Peter Krens |
+44 207 186 9030 |
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Fortified Securities |
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Joint Broker Guy Wheatley, CFA |
+44 7493 989014 |
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.