Galaxy Digital bought 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.
Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.