Argo blockchain plc announces additional equipment financing from nydig

London, uk / accesswire / may 4, 2022 / argo blockchain plc ("argo" or "the company"), a global leader in cryptocurrency mining (lse:arb)(nasdaq:arbk), announces that argo helios llc ("argo helios"), a wholly owned subsidiary of argo blockchain plc, has entered into additional loans under argo's equipment financing agreement (the "financing agreement") with nydig abl llc ("nydig"), a wholly owned subsidiary of new york digital investment group llc. as part of the additional financing, nydig will loan argo helios an aggregate principal amount of up to $70.60 million (£56.3 million)*, subject to customary drawdown conditions, to recapitalize the purchase of digital asset mining equipment (the "financed equipment") for the company's flagship cryptocurrency mining facility, helios, in dickens county, texas.
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