[ad_1] <br><div id=""><p class="responsive__Paragraph-sc-1pktst5-0 fKDjKV">Argo Blockchain has managed to stave off chapter by securing a last-ditch financing deal that includes the sale of an enormous facility in Texas, the struggling bitcoin miner’s most prized asset.</p><p class="responsive__Paragraph-sc-1pktst5-0 fKDjKV">The corporate warned earlier than Christmas that it wanted to seek out cash quickly or risked going underneath “throughout the subsequent month”. As with different bitcoin miners, it has been caught out by the downturn in cryptocurrency markets and the sharp rise in the price of electrical energy, which is required in nice portions to provide bitcoin.</p><p class="responsive__Paragraph-sc-1pktst5-0 fKDjKV">Argo confirmed yesterday that it had struck a “transformational” $100 million cope with Galaxy Digital, the cryptocurrency enterprise of Mike Novogratz, the previous hedge fund boss-turned-bitcoin investor. Galaxy will refinance $35 million of loans Argo had taken out and secured</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMifWh0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvYml0Y29pbi1taW5lci1hcmdvLWJsb2NrY2hhaW4taGFpbHMtZGVhbC13aXRoLWNyeXB0b2N1cnJlbmN5LWZpcm0tZ2FsYXh5LWRpZ2l0YWwteHY3YzBrYmRj0gEA?oc=5">Source link </a>