Argo Blockchain Files for Court Approval to Launch UK Restructuring Plan

Argo Blockchain plc has commenced formal restructuring proceedings, undertaking a proposed recapitalisation by way of a restructuring plan under Part 26A of the Companies Act 2006, and has sought permission from the High Court to convene meetings of affected creditors and shareholders. The proposed plan, expected to be considered through November and December 2025, is designed to recapitalise the London- and Nasdaq-listed cryptocurrency miner following a period of sustained financial pressure and industry volatility.

The plan is expected to leverage exemptions under the US Securities Act, allowing Argo to implement its restructuring across multiple jurisdictions while preserving investor participation. Argo, which operates a large-scale bitcoin mining facility in Quebec powered largely by renewable energy, has struggled with fluctuating crypto prices and energy costs over the past year. If sanctioned, the plan would mark one of the first major digital-asset restructurings to proceed through the UK’s Part 26A framework.