Bitcoin mining company Argo has repaid the $35 million rescue loan previously obtained from Galaxy

ChainCatcher news, Bitcoin mining company Argo Blockchain announced that it has fully repaid the $35 million loan provided by Galaxy Digital in 2022. This repayment is more than four months ahead of schedule, nearly 18 months earlier than the originally planned repayment date, with $11.5 million of the principal repaid in 2023 and the remaining $23.5 million to be repaid in 2024.

Argo stated that the loan repayment was achieved through cash generated from operations, cash raised from equity financing, and cash generated from the sale of non-core assets.