Bitcoin mining company Argo has repaid the $35 million rescue loan it received from Galaxy

Odaily News According to a recently disclosed document, Bitcoin mining company Argo has completed the repayment of a $35 million rescue loan to Galaxy. It is reported that the loan was repaid in 2022 to avoid bankruptcy in the cryptocurrency bear market of that year. The collateral for the loan was 23,619 Bitmain S19J Pro mining machines currently running in Helios and certain equipment located in Argo's Canadian data center. (Cointelegraph)