Argo Blockchain signs $40 million financing agreement to support its M&A transactions

According to Golden Finance, Nasdaq listed Bitcoin mining company Argo Blockchain announced that it has signed a priority guaranteed convertible loan agreement with a financing scale of $40 million. The initial financing amount is $15 million, and the remaining $25 million will be completed in the next 18 months. The new funds will be used to expand its Baie Comeau mining facilities, strengthen its balance sheet, and conduct a series of potential mergers and acquisitions.