Galaxy Digital bought Argo Blockchain's Helios mine for $65 million.  

Galaxy Digital buys Argo Blockchain’s Helios mine for $65 million

  • Galaxy Digital bought Argo Blockchain’s Helios mine for $65 million.  
  • Argo confirmed formal agreement to sell the Helios facility and real estate in Dickens County, Texas, to Mike Novogratz’s organization.
  • As Argo Blockchain suffers with the bear market, Galaxy Digital gave the miner a $35 million credit facility for 36 months.
  • Argo put up 23,000 Bitmain S19J Pro mining equipment in its Quebec, Canada, data centers as collateral.
  • Argo will use all received funds to pay back their debts.