Argo Blockchain plc (LON:ARB; NASDAQ:ARBK) announced today that it received a letter from Nasdaq dated 18 July 2025, indicating that Argo has not regained compliance with the minimum bid price requirement.

As previously announced, on 16 January 2025, Argo received a letter from The Nasdaq Stock Market LLC Listing Qualifications Department indicating that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) because the bid price of Argo’s American Depositary Shares (“ADSs”) closed below $1.00 per share for 30 consecutive business days.

Argo has not regained compliance with the minimum bid price requirement pursuant to the cure period provided by Nasdaq Listing Rule 5810(c)(3)(A) by the prescribed deadline of 15 July 2025, and that, as a result, Nasdaq has determined to delist Argo’s ADSs from the Nasdaq Global Select Market.

In accordance with the Nasdaq Listing Rules, Argo intends to request a hearing before a Nasdaq Hearings Panel. The hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and it is expected that the Company’s securities will continue to trade on Nasdaq under its trading symbol: ARBK.

There can be no assurance that Argo will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with all other applicable Nasdaq Listing Rules, or that Argo’s hearing will be successful.

If Argo’s securities are suspended from trading on or delisted from Nasdaq, it could become more difficult to buy or sell Argo’s ADSs or to obtain accurate quotations, and the price of Argo’s ADSs could suffer a material decline.