Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital • TechCrunch

Galaxy Digital has agreed to acquire Argo Blockchain’s bitcoin mining facility Helios for $65 million, the two firms announced Wednesday. The deal also includes Galaxy acquiring “related operations” from Argo Blockchain. Galaxy will also provide Argo with a $35 million loan as the company restructures, secured by a collateral package with Argo mining equipment. Argo…