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…

What to expect from AI in 2023 • TechCrunch

As a rather commercially successful author once wrote, “the night is dark and full of terrors, the day bright and beautiful and full of hope.” It’s fitting imagery for AI, which like all tech has its upsides and downsides. Art-generating models like Stable Diffusion, for instance, have led to incredible outpourings of creativity, powering apps…