(Reuters) – Crypto miner Argo Blockchain Plc said on Wednesday it will sell its mining facility Helios for $65 million and signed a new asset-back loan agreement, in an attempt to avoid filing for bankruptcy.
The company, which will sell its Helios facility to Canada-listed investment management company Galaxy Digital Holdings, added the transactions will reduce its total indebtedness by $41 million.
(Reporting by Amna Karimi and Sinchita Mitra in Bengaluru)
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