Crypto investment firm Galaxy Digital is acquiring the main facility of Bitcoin (BTC) miner Argo Blockchain for $65 million. According to Argo, billionaire Mike Novogratz’s crypto investment firm is buying the mining facility known as Helios in Dickens Country, Texas, as well as providing the struggling company with a $35 million loan. Argo was thrown into financial troubles when Bitcoin’s price plummeted this year. With the sale, Argo can avoid filing for bankruptcy protection. Says Argo CEO Peter Wall, “This transaction with Galaxy is a transformational one for Argo and benefits the company in several ways. It reduces our debtGo to Source
Author: NixCoin