Argo blockchain plc announces equipment financing agreement with nydig

London, uk / accesswire / march 10, 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 delaware-registered subsidiary of argo blockchain plc, has entered into an 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 financing agreement, nydig has loaned argo helios an aggregate principal amount of $26.66 million (£20.23 million)* to recapitalize the purchase of electrical infrastructure equipment (the "financed equipment") for the company's flagship cryptocurrency mining facility, helios, in dickens county, texas.
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