Announced
Completed
Financials
Tags
Friendly
crypto mining
United States
Cross Border
Completed
Private Equity
Single Bidder
Acquisition
Data Centers and Hosting
Private
Majority
Synopsis
Galaxy Digital, a private equity firm, completed the acquisition of Helios facility of Argo Blockchain, a cryptocurrency mining firm, for $65m. “This transaction with Galaxy is a transformational one for Argo and benefits the company in several ways. It reduces our debt by $41m (£34m) and provides us with a stronger balance sheet and enhanced liquidity to help ensure continued operations through the ongoing bear market. It also allows us to focus on optimizing our operations with significantly lower capex and opex requirements," Peter Wall, Argo Blockchain CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.