Argo blockchain plc announces transformational strategic transaction with galaxy

Announcement of transformational strategic transactions with galaxy digital holdings, ltd. ● argo's subsidiary to sell its helios facility to galaxy for $65 million (£54 million) and refinance asset-backed loans with a new $35 million (£29 million) loan with galaxy ● transactions will reduce total indebtedness by $41 million (£34 million) and simplify argo's operating structure ● argo will maintain ownership of all mining machines, and galaxy will host argo's fleet of bitmain s19j pros at helios ● transactions will strengthen argo's balance sheet, improve argo's liquidity position, and enable the company to continue operations london, uk / accesswire / december 28, 2022 / argo blockchain plc (lse: arb; nasdaq: arbk), a global leader in cryptocurrency mining, announces that it has entered into definitive agreements with galaxy digital holdings, ltd.
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