Argo Blockchain PLC announces closure of transactions
Termination of Transactions with Galaxy Digital Holdings, Ltd.
LONDON, UK / ACCESSWIRE / December 29, 2022 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce that it has closed the previously announced transactions with Galaxy Digital Holdings, Ltd. (TSX: GLXY) (“Galaxy”) . The company has sold its Helios facility in Dickens County, Texas for $65m (£54m), refinanced its asset-backed loans and entered into a hosting agreement with Galaxy to maintain Argos mining machines at the Helios facility. Full details of the transactions were disclosed in an announcement on 28 December 2022.
For more information please contact:
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Argo Blockchain |
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Peter Wall CEO |
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finnCap Ltd |
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Corporate Finance Jonny Franklin-Adams Seamus Fricker Joint business broker Sunila de Silva |
+44 207 220 0500 |
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Tennyson Securities |
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Joint business broker Peter Krens |
+44 207 186 9030 |
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Tancredi intelligent communication Media relations in the UK and Europe |
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Salamander Davoudi Emma Valgimigli Fabio Galloni-Roversi Monaco Nasser Al-Sayed |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas and offices in the US, Canada and the UK, Argo’s global, sustainable operations are powered primarily by renewable energy. In 2021, Argo became the first climate-positive cryptocurrency mining company, signing the Crypto Climate Accord. Argo also participates in several Web 3.0, DeFi and GameFi projects through its Argo Labs division, further contributing to its business operations as well as the development of the cryptocurrency markets. For more information, visit www.argoblockchain.com.
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SOURCE: Argo Blockchain PLC
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