Argo Blockchain will sell its Helios mining facility for $65 million.

Argo Blockchain Plc (ARB.L), a cryptocurrency miner, said on Wednesday that it will sell its mining facility Helios for $65 million and sign a new asset-backed loan agreement to keep from going bankrupt.

The company will sell its Helios facility to Galaxy Digital Holdings (GLXY.TO), which is a publicly traded investment management company in Canada. The company also said that the transactions will reduce its total debt by $41 million.


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