Closing of Transactions with Galaxy Digital Holdings, Ltd.

LONDON, UK / ACCESSWIRE / December 29, 2022 / Argo Blockchain plc ARBARBK, a global leader in cryptocurrency mining, is pleased to announce that it has closed the previously announced transactions with Galaxy Digital Holdings, Ltd. GLXY ("Galaxy"). The Company has sold its Helios facility in Dickens County, Texas for $65 million (£54 million), refinanced its asset-backed loans, and entered into a hosting agreement with Galaxy to maintain Argo's mining machines at the Helios facility. Full details of the transactions were disclosed in an announcement on 28 December 2022.

For further information please contact:

About Argo:

Argo Blockchain plc is a dual-listed (ARBARBK blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. Argo also participates in several Web 3.0, DeFi and GameFi projects through its Argo Labs division, further contributing to its business operations, as well as the development of the cryptocurrency markets. For more information, visit www.argoblockchain.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Argo Blockchain PLC

View source version on accesswire.com: