Argo Blockchain Proposes Restructuring Plan to Avoid Insolvency, Partners with Growler Mining for Financial Support
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Argo Blockchain plc has proposed a restructuring plan to address its financial issues and avoid insolvency. The plan involves a support agreement with Growler Mining, which will provide a senior secured multi-draw term loan for working capital. The restructuring requires High Court approval and is expected to be presented by August 29, 2025, with an effective date of November 30, 2025. If approved, Growler will acquire over 30% of Argo's voting rights, potentially triggering regulatory obligations.
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