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

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.

 

Source: Reuters