Key Leadership Change & Exchange Status Update
We are excited to announce Charlotte Proctor-Worrall’s well-deserved advancement to the role of Chief Financial Officer, effective immediately.
Since joining Argo in 2021, Charlotte has excelled as Group Financial Controller. She skillfully established the company’s finance infrastructure, managing all essential operational, control, and reporting systems across the UK, US, and Canadian divisions. Her accomplishments include directing multiple yearly audits, expertly handling IFRS and SEC reporting, managing fiat and cryptocurrency treasury and liquidity, and providing crucial support for Argo’s capital structure and restructuring initiatives.
Justin Nolan, Argo’s Chief Executive Officer, stated: “Charlotte’s contribution to our leadership will be invaluable. She has significantly enhanced Argo’s financial health and reporting, playing a critical role in progressing our strategic transaction with Growler, which was recently announced. This promotion to CFO acknowledges her demonstrated leadership abilities and the widespread confidence she has earned throughout the organization.”
Nasdaq Compliance News
As previously reported, Argo received notification on July 18, 2025, from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The notification stated that due to the company’s failure to meet the minimum share price requirement outlined in Nasdaq Listing Rule 5450(a)(1), the Staff made the decision to remove Argo’s American Depositary Shares (“ADSs”) from The Nasdaq Global Select Market. Argo subsequently requested a hearing before the Nasdaq Hearings Panel (the “Panel”), which temporarily halted any suspension or removal actions pending the Panel’s decision after the hearing.
The hearing with the Panel occurred on August 26, 2025.
The company is very pleased to report that on September 18, 2025, following the hearing, Nasdaq informed Argo that the Panel approved the company’s request to continue its listing on The Nasdaq Global Select Market. This approval is conditional upon Argo demonstrating fulfillment of all applicable listing rules by January 14, 2026. The Panel took into account Argo’s Part 26A recapitalization process under UK Companies Act regulations and decided that granting Argo’s ongoing listing request would facilitate completion of that process.
Argo remains fully committed to executing its strategic recapitalization program in collaboration with Growler Mining, LLC, now known as Growler Mining Tuscaloosa, LLC, and will keep the market informed of any significant developments.
There is no guarantee that Argo will successfully regain compliance with the minimum bid price rule or consistently meet all other relevant Nasdaq Listing Rules. If Argo fails to meet these requirements, its ADSs may be delisted from The Nasdaq Global Select Market.
This update contains privileged information.
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About Argo:
Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is a blockchain technology organization with dual listings focusing on cryptocurrency mining at scale. Operating a facility in Quebec, and with offices based in the US, Canada and UK, Argo’s global, sustainable operations primarily use renewable energy sources. Argo became the first climate positive cryptocurrency mining operation in 2021, and is also a signatory of the Crypto Climate Accord. Visit www.argoblockchain.com for further details.
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