Argo Blockchain to sell its mining facility Helios for $65 million

The company, which will sell its Helios facility to Canada-listed investment management company Galaxy Digital Holdings, added the transactions will reduce its total indebtedness by $41 million.

Reuters

December 28, 2022 / 12:58 IST

Representative image

Crypto miner Argo Blockchain Plc said on Wednesday it will sell its mining facility Helios for $65 million and signed a new asset-back loan agreement, in an attempt to avoid filing for bankruptcy.

The company, which will sell its Helios facility to Canada-listed investment management company Galaxy Digital Holdings, added the transactions will reduce its total indebtedness by $41 million.

Reuters

first published: Dec 28, 2022 12:58 pm

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