Argo Blockchain PLC (LSE:ARB) delivered a detailed investor update outlining its proposed restructuring plan aimed at restoring financial stability and supporting long-term company performance following prolonged crypto-market weakness, rising power costs, and significant balance sheet pressures. Management emphasized that the restructuring plan - developed after an extensive strategic review and marketing process - offers the best possible outcome compared with the relevant alternative of administration or liquidation. Under the proposal, secured lender Growler will convert its facility into equity, inject an additional $3.5 million, and contribute mining assets, resulting in an enlarged capital structure in which Growler will hold 87.5% of the company, note holders 10%, and existing shareholders 2.5%. The plan also equitizes Argo’s senior unsecured notes, supports continued operations, and preserves value that would otherwise be lost in insolvency. Key components include restoring liquidity, reducing debt, and establishing a framework for improved EBITDA generation and margin recovery as crypto-market conditions normalize. The company also outlined measures to maintain NASDAQ compliance via an ADS ratio change and confirmed its intention to delist from the London Stock Exchange while providing a matched bargain facility for retail investors. Management stressed that without the restructuring, Argo would run out of cash and cease trading, leaving no recovery for shareholders or note holders in a liquidation scenario. The court will assess fairness and benefit allocation at a sanction hearing on 8 December. Overall, the restructuring plan is positioned as a critical step to stabilize operations, protect stakeholder value, strengthen the order book of mining assets, and position Argo for long-term growth as market fundamentals improve.