Growler Mining Increases Stake in Argo Blockchain to 88.59% via New $5M Subscription Facility

Growler Mining Tuscaloosa, LLC, managed by Luther S. Pate, IV, filed an amended Schedule 13D reporting an increased ownership stake in Argo Blockchain Plc (ARBK). As of April 9, 2026, the reporting person beneficially owns 28,004,168,880 ordinary shares, representing approximately 88.59% of the company. This increase resulted from a new $5 million Subscription Facility Agreement entered into on March 26, 2026. Under the initial tranche of this facility, Growler subscribed for 1,831,016,880 ordinary shares for $2.5 million. Simultaneously, a 'True-Up Conversion' was executed, converting $1,259,297.68 of prior payments made between December 2025 and January 2026 into 922,687,200 ordinary shares. Both transactions utilized a subscription price of $2.948 per ADS (each representing 2,160 ordinary shares). The agreement includes an exchange cap of 19.99% of outstanding shares as of the effective date and requires the issuer to file a resale registration statement. Growler intends to review its investment continuously and may acquire additional securities under the remaining facility balance.