Tags: Argo Blockchain

Argo Blockchain Successfully Decreases 2022 Debt to $75 Million – Here‘s the Latest

The Helios facility in Dickens County, Texas. (Argo Blockchain)

Intel (Slejven Djurakovic/unsplash)

The mining firm had to sell its biggest facility to stave off bankruptcy.

Alex Appleton, who has served in this role since September 2020, is departing to "pursue other opportunities"

Argo failed to disclose that it suffered from significant capital constraints, electricity and network difficulties, the suit says.

The latest price moves in crypto markets in context for Jan. 24, 2023.

The miner could return to the Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.

The Canadian miner expects the machines to bring 110 to 130 terrash/second of computing power each.

December production fell 29 as Argo powered off during a Texas storm.

Galaxy will buy Argo‘s Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.

The company said earlier this month it was close to restructuring without having to declare bankruptcy.