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Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital

Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.

By Aoyon Ashraf

Updated May 9, 2023, 4:05 a.m. Published Dec 28, 2022, 7:00 a.m.

Galaxy Digital founder and CEO Michael Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)