Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas

By Bitcoin.com - 1 sena ilu - Ħin tal-Qari: 2 minuti

Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas

After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially troubled business plans to refinance asset-backed loans with a new $35 million loan that stems from Galaxy.

Galaxy Digital Purchases Texas Data Center minn Argo Blockchain, il-Kumpanija tittama li t-tranżazzjonijiet "Jippermettu lill-Kumpanija tkompli l-Operazzjonijiet"

Galaxy Digital qed tagħti Argo Blockchain (Nasdaq: ARBK) xi likwidità ġdida, skont avviż għall-istampa ppubblikat minn Argo nhar l-Erbgħa, 28 ta’ Diċembru 2022. Argo iddettalja li qed tbigħ il-faċilità Helios tagħha lil Galaxy għal $65 miljun.

Galaxy has also agreed to host Argo’s fleet of Bitmain-manufactured S19J Pro bitcoin miners at the Helios facility. The Helios facility is located in Dickens County, Texas and the transaction between Argo and Galaxy is expected to settle on Dec. 28.

Argo kompla żvela li Galaxy qed tipprovdi lid-ditta b’self ta’ $35 miljun b’terminu ta’ 36 xahar. Il-finanzjament huwa sostnut minn pakkett kollaterali ta 'magni ta' Argo li jinsabu fil-faċilità Helios f'Texas u xi wħud fil-Quebec.

The collateral package equates to 23,619 Bitmain S19J Pro bitcoin mining machines. A number of Argo’s debts are shown to be tied to the firm NYDIG, according to the announcement published on Wednesday morning (ET).

Argo jinsisti li t-tranżazzjonijiet ma 'Galaxy se "issaħħu l-karta tal-bilanċ ta' Argo, itejbu l-pożizzjoni ta 'likwidità ta' Argo, u jippermettu lill-kumpanija tkompli l-operazzjonijiet." L-istokk ta 'Argo qabeż fuq l-aħbarijiet, u żdied bi 13.55% minn $ 0.59 għal $ 0.67 għal kull sehem attwali fil-11:30 am (ET) fit-28 ta' Diċembru.

Il-lista pubblikament bitcoin miner also acknowledged the Sospensjoni tan-negozjar tal-ishma tal-ARBK fis-27 ta’ Diċembru u ddettaljat li n-negozjar tal-ARBK fuq Nasdaq u l-Borża ta’ Londra issa kienu miftuħa. Il-kumpanija nnutat li l-assi Kanadiżi tagħha, ħlief għal "ċerti magni tal-minjieri u assi oħra li jinsabu fil-Quebec" li qed jappoġġjaw is-self il-ġdid tagħha, "mhumiex affettwati mill-ftehimiet ma' Galaxy."

Further, Argo also disclosed that its earning results from the third quarter will not be reported “in light of the transaction with Galaxy,” the bitcoin mining operation concluded. Argo Blockchain is one of a handful of publicly-listed bitcoin mining operations that have dealt with financial shortcomings during 2022’s crypto winter.

X'taħseb dwar il-ftehim ta' Argo Blockchain ma' Galaxy Digital? Għidilna x'taħseb dwar dan is-suġġett fit-taqsima tal-kummenti hawn taħt.

Sors oriġinali: Bitcoin. Bil