REG - Argo Blockchain PLC - Closing of Transactions - Galaxy Digital Holdings

Argo BlockchainAnnouncement

29/12/2022 07:00

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RNS Number : 1279L  Argo Blockchain PLC  29 December 2022

Press Release

29 December 2022

Argo Blockchain plc

("Argo" or "the Company")

Closing of Transactions with Galaxy Digital Holdings, Ltd.

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining, is pleased to announce that it has closed the
previously announced transactions with Galaxy Digital Holdings, Ltd. (TSX:
GLXY) ("Galaxy"). The Company has sold its Helios facility in Dickens County,
Texas for $65 million (£54 million), refinanced its asset-backed loans, and
entered into a hosting agreement with Galaxy to maintain Argo's mining
machines at the Helios facility. Full details of the transactions were
disclosed in an announcement on 28 December 2022.

For further information please contact:

 Argo Blockchain
 Peter Wall                          ir@argoblockchain.com

 Chief Executive
 finnCap Ltd
 Corporate Finance                   +44 207 220 0500

 Jonny Franklin-Adams

 Seamus Fricker

 Joint Corporate Broker

 Sunila de Silva
 Tennyson Securities
 Joint Corporate Broker              +44 207 186 9030

 Peter Krens
 Tancredi Intelligent Communication

 UK & Europe Media Relations
 Salamander Davoudi                   argoblock@tancredigroup.com

 Emma Valgimigli

 Fabio Galloni-Roversi Monaco

 Nasser Al-Sayed

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With mining
facilities in Quebec, mining operations in Texas, and offices in the US,
Canada, and the UK, Argo's global, sustainable operations are predominantly
powered by renewable energy. In 2021, Argo became the first climate positive
cryptocurrency mining company, and a signatory to the Crypto Climate Accord.
Argo also participates in several Web 3.0, DeFi and GameFi projects through
its Argo Labs division, further contributing to its business operations, as
well as the development of the cryptocurrency markets. For more information,
visit (http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

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