Change in Executive Management

Press Release

1 February 2023

Argo Blockchain plc

("Argo" or "the Company")

Change in Executive Management

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), announces that following the successful completion of the sale of the Helios facility to Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") on 29 December 2022, Alex Appleton has resigned from his positions as Chief Financial Officer and Executive Director to pursue other opportunities.

Argo has engaged an executive search firm to assist with the process of selecting a replacement Chief Financial Officer. The Company has also engaged BDO Canada LLP to assist the Company's Chief Operating Officer, Seif El-Bakly, CFA, with accounting and advisory services during the search phase.

Mr. Appleton said, "I am very proud of what we have achieved over my time with Argo. The business has great potential, and I wish the Argo team all the best for the future."

Argo Chief Executive Peter Wall said, "On behalf of the Argo team, I thank Alex for his hard work and significant contributions during his two and a half years with the Company."

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About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. Argo also participates in several Web 3.0, DeFi and GameFi projects through its Argo Labs division, further contributing to its business operations, as well as the development of the cryptocurrency markets. For more information, visit www.argoblockchain.com.