Growler Mining is set to acquire an 87.5% stake in Argo Blockchain through a debt-to-equity conversion plan. This move is part of a court-supervised restructuring initiative known as 'Project Triumph'. The plan involves converting a $7.5 million secured loan into equity and providing additional financing. Unsecured bondholders, who hold $40 million, will receive 10% equity, while existing shareholders will retain 2.5%. Argo Blockchain, which has experienced a significant drop in its Bitcoin daily output from nearly 6 to less than 2 since 2022, will delist from the London Stock Exchange. However, it will continue trading on Nasdaq, contingent on meeting compliance conditions.