Argo Blockchain Takes $25 Mln Bitcoin-Backed Loan to Fund Expansion

By Jaime Llinares Taboada

Argo Blockchain PLC stated Friday that it has taken a $25 million Bitcoin-backed mortgage from Galaxy Digital LP.

The cryptocurrency miner, which already has an excellent $20 million mortgage with Galaxy Digital, stated the cash shall be used to proceed to construct its West Texas information heart and to meet working money movement necessities.

“The mortgage will allow Argo to retain its present Bitcoin holding, while additional increasing its mining operations,” Argo stated.

Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT

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