TechFlow news, Bitcoin mining firm Argo Blockchain has agreed to sell its Helios mining facility in Texas to Galaxy Digital for $65 million to avoid bankruptcy.
In addition, Argo Blockchain will receive a $35 million rescue loan from Galaxy Digital, secured by the company's mining equipment.
Previously, Argo Blockchain filed documents with the London Stock Exchange indicating it was in advanced discussions regarding the sale of certain assets and financing transactions involving its equipment to strengthen its balance sheet and improve liquidity.Original link




