Argo Blockchain Bitcoin-Backed Loan – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin mining firm Argo Blockchain has announced that it secured a $20 million loan agreement with financial services company Galaxy Digital for a term of six months, using a portion of its BTC holdings as collateral.

“We are delighted to work with Galaxy Digital LP as we pursue our growth plans, and to form a solid relationship with them as a financing partner,” the CEO of Argo, Peter Wall, said in the announcement. “This agreement allows Argo to secure competitive terms on a loan facility while also allowing us to continue to HODL our Bitcoin.”

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