Express

Crypto Miner Argo Blockchain Sells Flagship Mining Facility to Combat Bear Market

Tris Bell

Summary: Crypto miner Argo Blockchain is selling its largest mining facility Helios to survive the bear market, according to Cointelegraph. Argo Blockchain CEO Peter Wall announced the $65 million deal with investment firm Galaxy Digital on Wednesday. According to Wall, the aim of the sale is to reduce Argo’s debt by $41 million and improve company ...

Crypto miner Argo Blockchain is selling its largest mining facility Helios to survive the bear market, according to Cointelegraph.

Argo Blockchain CEO Peter Wall announced the $65 million deal with investment firm Galaxy Digital on Wednesday.

According to Wall, the aim of the sale is to reduce Argo’s debt by $41 million and improve company structures.

The deal comes just six months after Helios’ launch in May.

Author: Tris Bell

Last Update:

Tags: ,,,,,,
Link: Crypto Miner Argo Blockchain Sells Flagship Mining Facility to Combat Bear Market   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 18 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.