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Tag: $65 million

Argo Blockchain CEO Follows CFO in Stepping Down

The leading cryptocurrency miner – Argo Blockchain – announced that its CEO Peter Wall will step down from his post.  The company lost its...

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Argo Blockchain Lawsuit Alleges Bitcoin Miner ‘Misrepresented’ Pre-IPO Finances

Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm...

New Lawsuit Targets Argo’s Financial and Network Issues

New lawsuit was filed against Argo Argo failed to disclose its vulnerability to cash limits, electricity costs, and network problems Argo regained Nasdaq’s...

Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat

Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that...

Argo Blockchain’s BTC Production in December Crippled by a Winter Storm

The bitcoin mining giant – Argo Blockchain – mined 147 BTC in December, roughly 25% less than the production levels registered in November. The...

From ‘Bitcoin Billionaires’ to SEC Charges: A Brief Crypto History of the Winklevoss Twins

Cameron and Tyler Winklevoss went from being the co-originators of Facebook deceived by Mark Zuckerberg (as dramatized in the film “The Social Network”) to...

Argo Blockchain mined 28% fewer bitcoins in December

Argo Blockchain mined 147 bitcoins in December 2022, down from 198 in November. Mining revenue was $2.49...

Ripple exec expects more crypto acquisitions by TradFi in 2023

The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at...

SBF to enter plea deal, Mango’s exploiter arrested, and Celsius news: Hodler’s Digest, Dec. 25-31

Top Stories This Week Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan Former FTX CEO Sam Bankman-Fried is...

Billionaire Mike Novogratz’s Galaxy Digital To Acquire Struggling Argo Blockchain’s Main Facility

Crypto investment firm Galaxy Digital is acquiring the main facility of Bitcoin (BTC) miner Argo Blockchain for $65 million. According to Argo, billionaire Mike Novogratz’s...

Helios is a ‘Transformative Acquisition’ for Galaxy Digital, Says Novogratz

Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently...

Argo Blockchain Gets $100M Bailout From Galaxy Digital to Avoid Bankruptcy

Nasdaq-listed Bitcoin miner Argo Blockchain will receive a $100 million bailout deal from Mike Novogratz’s Galaxy Digital.Argo agreed to sell its Helios mining facility...

Argo shares soar following $65M sale of mining facility to Galaxy digital

Struggling Bitcoin (BTC) miner Argo Blockchain sold its Helios mining facility in Texas to Galaxy Digital for $65 million and also...

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