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Bitcoin miner Argo Blockchain avoids bankruptcy after agreeing to sell its Helios mining facility in Texas to Galaxy Digital for $65M and taking a $35M loan

CoinDesk Aoyon Ashraf

Discussion

  • @argoblockchain Argo on x
    At our request, @Nasdaq temporarily suspended trading of Argo's ADSs and unsecured notes for today - Tues Dec 27. We'll be making an announcement tomorrow (Dec 28) via RNS before the @LSEplc opens in the UK...we expect trading on Nasdaq to resume tomorrow. #ARB $ARBK #BTC
  • @argoblockchain Argo on x
    Argo CEO @PeterGWall has released a video to explain the rationale for selling the Helios facility to @galaxydigital - Reduces total debt by $41m - Improves liquidity - Simplifies operating structure - Allows us to continue mining Video: https://argoblockchain.com/... #ARB $ARBK …
  • @_amanda_fab Amanda Fabiano on x
    Today, we announced the acquisition of the Helios mining site. 🧵 https://www.newswire.ca/...
  • @argoblockchain Argo on x
    New RNS: Argo announces a transformational series of agreements with @galaxydigital - Sale of Helios for $65 million - Refi of asset-backed loans - Hosting agreement to keep Argo machines at Helios Full RNS: http://argoblockchain.com/... #ARB $ARBK #BTC
  • @smtuffy Sean Tuffy on x
    🎶And another one gone and another one gone ... Another one bites the dust🎶 https://twitter.com/...