News/Argo Blockchain Sells Mining Facility to Galaxy Digital for $65 Million

Argo Blockchain Sells Mining Facility to Galaxy Digital for $65 Million

Dec 28,2022,20:15

Argo Blockchain CEO Peter Wall officially announced on Dec. 28 a deal with Galaxy Digital to sell the Helios mining facility for $65 million.

Additionally, Galaxy will also provide Argo with a new $35 million equipment finance loan to help the troubled miner reduce its debt. "We’ve used the proceeds of that sale in a new Galaxy loan to pay off the debt that we owed to NYDIG and a tiny bit to another secured lender." Wall noted.

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