[ad_1] <br><div><p><rte.company state="{"_id":"00000185-57d6-dfe1-abbf-77feb43e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Galaxy Digital Holdings Ltd.</rte.company> agreed to purchase the Helios Bitcoin mining facility from Argo Blockchain Plc for about $65 million, giving Argo some respiratory room after it got here near operating out of money. </p><p>As a part of the deal, Galaxy additionally agreed to offer Argo with a brand new senior secured mortgage valued at $35 million, backed by a collateral package deal that features mining tools, in keeping with a <bsp.bb.link state="{"bbDocId":"RNLA41TVI5MO","_id":"00000185-57d6-dfe1-abbf-77feb43e0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">assertion</bsp.bb.link> on Wednesday. The transactions will scale back Argo’s indebtedness by $41 million, it stated. </p><p>Like different Bitcoin miners, Argo has been harm by a mix of tumbling crypto costs and rising electrical energy prices, ...</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiY2h0dHBzOi8vbmV3cy5ibG9vbWJlcmdsYXcuY29tL2JhbmtydXB0Y3ktbGF3L2dhbGF4eS10by1idXktaGVsaW9zLWJpdGNvaW4tbWluaW5nLWZhY2lsaXR5LWZyb20tYXJnb9IBAA?oc=5">Source link </a>
Galaxy to Buy Helios Bitcoin Mining Facility From Argo
[ad_1] Galaxy Digital Holdings Ltd. agreed to purchase the Helios Bitcoin mining facility from Argo Blockchain Plc for about $65 million, giving Argo some respiratory room after it got here near operating out of money. As a part of the deal, Galaxy additionally agreed to offer Argo with a brand new senior secured mortgage valued at $35 million, backed by a collateral package deal that features mining tools, in keeping with a assertion on Wednesday. The transactions will scale back Argo’s indebtedness by $41 million, it stated. Like different Bitcoin miners, Argo has been harm by a mix of tumbl
