Argo Blockchain plc (NASDAQ:ARBK) has announced that on March 26, 2026, it entered into a subscription facility agreement with its controlling shareholder, Growler Mining Tuscaloosa, LLC, providing the company with access to a subscription facility of up to $5 million.

Argo Blockchain has received $2.5 million in initial proceeds pursuant to the agreement.

The facility provides Argo with access to capital to support its operations and working capital requirements. The proceeds will also support its evaluation of opportunities in high-performance computing (HPC) and artificial-intelligence data center infrastructure as the company continues to develop its strategic direction.

Commenting on the transaction, Justin Nolan, Chief Executive Officer of Argo, said:

“The $2.5 million capital raise marks an important step for Argo as we continue to build our business and evaluate compelling opportunities in data center infrastructure for high-performance computing and artificial intelligence. Growler’s continued support – both through this initial draw and the option for an additional $2.5 million – underscores their strong conviction in our strategy and positions us well for the period ahead.”