Closing of Transactions - Galaxy Digital Holdings

RNS Number : 1279L
Argo Blockchain PLC
29 December 2022
 

Press Release

29 December 2022

Argo Blockchain plc

("Argo" or "the Company")

Closing of Transactions with Galaxy Digital Holdings, Ltd.

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, is pleased to announce that it has closed the previously announced transactions with Galaxy Digital Holdings, Ltd. (TSX: 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:

Argo Blockchain


Peter Wall

Chief Executive

ir@argoblockchain.com

finnCap Ltd


Corporate Finance

Jonny Franklin-Adams

Seamus Fricker

Joint Corporate Broker

Sunila de Silva

+44 207 220 0500

 

 

Tennyson Securities


Joint Corporate Broker

Peter Krens

+44 207 186 9030

Tancredi Intelligent Communication

UK & Europe Media Relations


Salamander Davoudi

Emma Valgimigli

Fabio Galloni-Roversi Monaco

Nasser Al-Sayed

 argoblock@tancredigroup.com

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) 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 .

 

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