Argo Blockchain announces the sale of Helios mining facility for $65 million

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Galaxy Digital Holdings, a financial services and investment management company in the digital asset and cryptocurrency sectors, has agreed to acquire the Helios bitcoin mining facility from Argo Blockchain for around $65 million.

The acquisition will allow Galaxy to expand its bitcoin mining operations and reduce its reliance on third-party hosting providers, as well as provide access to tax-efficient mining infrastructure.

Argo Blockchain is selling the Helios facility to avoid bankruptcy.