By Jaime Llinares Taboada
Argo Blockchain PLC mentioned Friday that it has taken a $25 million Bitcoin-backed mortgage from Galaxy Digital LP.
The cryptocurrency miner, which already has an excellent $20 million mortgage with Galaxy Digital, mentioned the cash can be used to proceed to construct its West Texas knowledge middle and to fulfill working money circulation necessities.
“The mortgage will allow Argo to retain its present Bitcoin holding, while additional increasing its mining operations,” Argo mentioned.
Write to Jaime Llinares Taboada at firstname.lastname@example.org; @JaimeLlinaresT