Argo Blockchain PLC (ARBKF): Argo Blockchain Gets Bitcoin-Backed Loan...

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Tuesday, 06/29/2021 7:33:32 AM

Tuesday, June 29, 2021 7:33:32 AM

Argo Blockchain Gets Bitcoin-Backed Loan of GBP14 Million
June 29 2021 - 03:51AM
Dow Jones News
By Adria Calatayud

Argo Blockchain PLC said Tuesday that it has received a six-month loan of 14 million pounds ($19.4 million) from Galaxy Digital LP, using a portion of its bitcoin holding as collateral.

The London-listed cryptocurrency miner said the funds will be used to continue to build a data center in West Texas to pursue its growth plans and to meet its cash-flow requirements.

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