Press Release

13 Mars 2023

Argo Blockchain plc

(« Argo » ou « la Société »)

Update on Silicon Valley Bank, Silvergate Bank and Signature Bank

Argo Blockchain plc, un leader mondial du minage de cryptomonnaies (LSE : ARB ; NASDAQ : ARBK), notes the recent news regarding Silicon Valley Bank and Silvergate Bank et peut confirmer que neither Argo Blockchain, nor any of its subsidiaries, have any exposure to either institution.

Separately, a subsidiary of Argo held a portion of its operating funds in cash deposits at Signature Bank in New York, NY which are secure and available for use as of Monday, 13 March 2023.

On 12 March 2023, Signature Bank was closed by its state chartering authority, the New York Department of Financial Services. The same evening, a déclaration commune issued by the Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation ("FDIC") announced a systemic risk exception for Signature Bank and confirmed that, "All depositors of this institution will be made whole."

Dans un suivre announcement from the FDIC, it was announced that the New York State Department of Financial Services had appointed the FDIC as receiver and that, "to protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, N.A., a full-service bank that will be operated by the FDIC as it markets the institution to potential bidders…Banking activities will resume Monday, March 13, 2023, including on-line banking. Depositors and borrowers will automatically become customers of Signature Bridge Bank, N.A. and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards, and writing checks in the same manner as before."

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À propos d'Argo:

Argo Blockchain plc est une société de technologie blockchain à double cotation (LSE : ARB ; NASDAQ : ARBK) axée sur l'extraction de crypto-monnaie à grande échelle. Avec des installations minières au Québec, des opérations minières au Texas et des bureaux aux États-Unis, au Canada et au Royaume-Uni, les opérations mondiales et durables d'Argo sont principalement alimentées par des énergies renouvelables. En 2021, Argo est devenue la première société minière de crypto-monnaie positive pour le climat et signataire du Crypto Climate Accord. Argo participe également à plusieurs projets Web 3.0, DeFi et GameFi via sa division Argo Labs, contribuant davantage à ses opérations commerciales, ainsi qu'au développement des marchés de la crypto-monnaie. Pour plus d'informations, visitez www.argoblockchain.com.