Bitcoin mining company Argo has repaid the $35 million rescue loan previously obtained from Galaxy.

According to a recent disclosure, the Bitcoin mining company Argo has completed the repayment of a $35 million rescue loan to Galaxy. It is reported that this loan was repaid in 2022 to avoid bankruptcy during the cryptocurrency bear market that year. The collateral for the loan at that time was 23,619 Bitmain S19J Pro mining machines currently operating in Helios and some equipment in Argo's Canadian data center. (Cointelegraph)