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Clifford Chance
Briefings

Briefings

Re Argo Blockchain plc: Part 26A Restructuring Plan Sanctioned

20 January 2026

Argo Blockchain plc’s (Argo) restructuring plan marks a significant development of the UK’s restructuring regime. It is the first UK restructuring plan for a NASDAQ‑listed company, the first involving a crypto‑mining business, and the first major post‑Petrofac decision addressing how value created through a restructuring should be allocated, including to shareholders who were entirely out of the money.

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