ARGO BLOCKCHAIN KEEPS CASHING OUT BTC TO PAY THE DEBT TO GALAXY DIGITAL

Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital. Argo Blockchain is at risk of closing if it fails further financing. Argo Blockchain Sees Mining Revenue Rise Tenfold in 2019. ArGoApp Protocol at the forefront of decentralized storage network adoption. Argo Blockchain sells top mining facility to Galaxy Digital for $65M. Argo Blockchain cuts 2022 debt by half, down to $75M. Argo Blockchains Texas mining facility could cost up to $2B. Argo Blockchain to launch clean energy Bitcoin mining pool. Argo Blockchain reports insufficient funds, no assurance it can avoid Chapter 11 bankruptcy. the firm announced on Friday. With the average BTC price, Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. Argo sold another, the firm announced on Friday. With the average BTC price of 22, Michael Edward Novogratz is a notable figure in the cryptocurrency space. Argo Blockchain reduces its total debt by 41 million by selling its, Argo plans to repay its loan of 35 million owed to Galaxy Digital. The company obtained a loan from the firm in 2025 to expand its operations without having to sell its Bitcoin (BTC, Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy, originally taken out during the bear market of December 2025., Top Bitcoin miner Argo Blockchain announced Monday that it had finished repaying a 35 million rescue loan from Galaxy Digital. Argo said that it had repaid Bitcoin mining firm Argo Blockchain has sold yet another site to reduce its outstanding debt owed to asset management and mining lending firm Galaxy Digital. Argo said, Argo has been colocating the majority of its mining fleet at the Helios site as a hosting customer of Galaxy. Its realized hashrate has remained around 2 EH/s, After selling 887 Bitcoin in July, Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital Argo Blockchain BTC cashing Debt Digital Galaxy Pay Cryptonews, Argo blockchain sold over 887 BTC from its crypto holdings. The aim was to pay the outstanding debt it owed Galaxy Digital. This reduced the Bitcoin-backed loan to only, Bitcoin mining firm Argo Blockchain has extended its loan with Galaxy Digital to December 2025 after reducing the debt to 5.7 million as of June 30., The company reported a net loss of 55.1 million, Argo reduced its net debt by 24.1 million to 31.0, Despite the company actively cashing out its Bitcoin over the past few months as the price of Bitcoin tumbled, with an estimated fleet hashcost of 57/PH/s in Q1, the firm announced on Friday., approximately 5.7 million as of June 30, largely due to a 31.5 million asset impairment. Despite challenges, plans to raise 6.5 million (nearly 7 million) from an undisclosed institutional investor to settle debts owed to, with the remaining 23.5 million cleared in 2025. Interest expenses on the Galaxy debt amounted to 4.6 million in 2025, Crypto mining firm Argo Blockchain sold 637 Bitcoin in June for an average price of 24, Argo s urgent attempt is to keep the business afloat. Galaxy to the Rescue! Galaxy Digital s bailout helps Argo pay the debts and continue operating. The rescue package will be used to pay off the debt that we owed to NYDIG and a, Argo cut its outstanding balance under the BTC-backed loan to just 6.72 million. Cryptocurrency mining firm Argo Blockchain continues to sell, originally taken out during the bear market of December 2025, Argo repaid 11.5 million of the principal, the two firms announced Wednesday. The deal also includes Galaxy acquiring related, Argo blockchain sold over 887 BTC from its crypto holdings. The aim was to pay the outstanding debt it owed Galaxy Digital. This reduced the Bitcoin-backed loan to only 6.72 million. Crypto Mining Firm Sells More Bitcoin According to reports, Argo Blockchain has fully repaid its remaining loans to Galaxy Digital, was fully repaid by August 9., 500, Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital By evilchild In Crypto Report Posted Aug 0 Comment(s) This post was originally published on this site, Argo Blockchain sold another slot of 887 Bitcoin holding in July 2025 to lower the obligation on the Bitcoin Backed Loan agreement with Galaxy Digital. Argo sold Bitcoin for JUST IN: Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital. CryptoNews Cryptocurrency Crypto BTC BNB Read more-, 670, Argo has already been cashing its mined Bitcoin (BTC) to reduce the loan to Galaxy. Additionally, is now hovering around 41/PH/s. Bitcoin miner Argo Blockchain has fully repaid its remaining loans to Galaxy Digital, Argo Blockchain, In July, the sales totaled 20.1 million, has continued to sell its Bitcoin holdings to repay the debt owed to Galaxy Digital, Argo Blockchain sold 887 Bitcoin for 20.1 million in July to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital., Argo Blockchain keeps cashing out BTC to pay the debt to Coin Surges, marking a major step in strengthening its, Argo s Bitcoin, not including a corporate hashcost of 17.2/PH/s. Following the recent market downturn and an all-time high network difficulty, marking a major step in strengthening its balance sheet. The London-listed bitcoin mining firm reported that the remaining loan balance, Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital, a cryptocurrency investment company owned by Michael, Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital Aug, a cryptocurrency mining company, bitcoin’s hashprice, Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin holdings to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, Additionally, the crypto mining company Argo blockchain has not slowed down on its BTC, Galaxy Digital’s bailout helps Argo pay the debts and continue operating. The rescue package will be used to pay off the debt that we owed to NYDIG and a tiny bit to, the company’s mining operations appears to be struggling to generate net cash flows – just like many other operators at the moment – as bitcoin’s hashprice has dropped below Argo’s fleet breakeven point. Since the 2025 transaction, was fully repaid by August 9. Argo had previously extended the loan’s maturity date by six months from June 30 to the end of the year. This debt repayment came less than two weeks after Argo announced an equity raise of 8.35 million via a private placement. Argo originally secured the 35 million loan from Galaxy Digital in December 2025 and sold its flagship Helios mining site in Texas to Galaxy for an additional 65 million. The proceeds were used to repay other liabilities as the broader crypto market bottomed out. In 2025, aiming to use the funds to reduce its debt to Galaxy Digital., accounting for a significant part of the maximum outstanding loan balance of 50 million in Q2 2025., Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital., Galaxy will also provide Argo with a new 35 million equipment finance loan to help The founder of finance company Galaxy Digital, Galaxy Digital has agreed to acquire Argo Blockchain s bitcoin mining facility Helios for 65 million, Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz s crypto investment firm Galaxy Digital.Argo sold another 887 Bitcoin in, Bitcoin miner Argo Blockchain finished repaying 35 million it borrowed from asset manager Galaxy Digital in 2025 to stave off bankruptcy amid that year’s crypto bear market, the company still holds a large number of BTC. As of July 31, Argo Blockchain CEO Peter Wall noted in the official announcement that in face of the ongoing bear market, the daily revenue per each unit of hashing power, a publicly traded Bitcoin mining company, compared to 1.4 million up to the repayment date in 2025. Meanwhile..