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Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -5.63% 134.00 130.00 135.00 135.00 126.50 135.00 4,264,212 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.6 -0.9 -0.2 - 627

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

10/09/2021 8:29am

Dow Jones News


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By Jaime Llinares Taboada

 

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

The cryptocurrency miner, which already has an outstanding $20 million loan with Galaxy Digital, said the money will be used to continue to build its West Texas data center and to meet operating cash flow requirements.

"The loan will enable Argo to retain its current Bitcoin holding, whilst further expanding its mining operations," Argo said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

September 10, 2021 03:14 ET (07:14 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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