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

Foresight News reported that the Bitcoin mining company Argo Blockchain has announced the full repayment of the $35 million loan provided by Galaxy Digital in 2022. The repayment was made more than four months ahead of the current plan and nearly 18 months earlier than originally scheduled. The principal repayment for 2023 is $11.50 million, with the remaining $23.50 million to be repaid in 2024. Argo stated that the loan repayment was achieved through the use of cash generated from operations, cash from equity financing, and cash from the sale of non-core assets.