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
Related Coverage
- Announcement of Transformational Strategic Transactions with Galaxy Digital Holdings, Ltd. Argo Blockchain
- Galaxy Digital Bails Out Bitcoin Miner Argo Amid Bankruptcy Rumors Blockonomi
- Novogratz's Galaxy Digital Invests $100 Million to Prevent Argo Bitcoin Miner Firm Bankruptcy Cryptonews
- Sale of Helios Facility to Galaxy Digital Holdings Ltd. Argo Blockchain
- Galaxy To Acquire Helios Bitcoin Mining Facility from Argo Blockchain Canada NewsWire Group
- Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo's ASIC Fleet in Texas Bitcoin News
- Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital Forkast
- Argo Blockchain stock spikes 102% as bankruptcy risk averted crypto.news
- Argo Blockchain sells top mining facility to Galaxy Digital for $65M Cointelegraph
- Argo Blockchain to sell Helios mining facility to Galaxy Digital The Block
- Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital TechCrunch
- Crypto Mining Firm Argo Blockchain Sells Facility to Galaxy Digital PYMNTS.com
- Bitcoin Miner Argo Keeps Bankruptcy at Bay by Selling Texas Mining Facility WinBuzzer
- Bitcoin mining firm Argo Blockchain sells Texas facility to Galaxy Digital for $65M SiliconANGLE
- Argo to Sell Helios Mining Facility to Galaxy Digital, Needs Extra Capital to Avoid Bankruptcy Coinspeaker
- Argo shares soar following $65M sale of mining facility to Galaxy digital CryptoSlate
- Suspension of Trading on Nasdaq for Argo Blockchain plc Business Wire
- Bitcoin Miner Argo To Sell Largest Facility to Stay Afloat, Stock Doubles Blockworks
- Bitcoin Miner Argo Blockchain Sells Texas Facility to Galaxy Digital for $65M Decrypt
- Argo Blockchain Agrees to Sell Helios Facility to Galaxy Digital for $65M CryptoPotato
Discussion
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@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
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@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 …
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@_amanda_fab
Amanda Fabiano
on x
Today, we announced the acquisition of the Helios mining site. 🧵 https://www.newswire.ca/...
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@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
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@smtuffy
Sean Tuffy
on x
🎶And another one gone and another one gone ... Another one bites the dust🎶 https://twitter.com/...